Homework Answers
a)
Stockholders' equity = $120,000
Total liabilities = $55,000
Total assets = ?
Total assets = Total liabilities + Stockholders' equity
= 55,000 + 120,000
= $175,000
b)
Total liabilities = $170,000
Share capital = $100,000
Retained earnings = $90,000
Stockholders' equity = Share capital + Retained earnings
= 100,000 + 90,000
= $190,000
Total assets = Total liabilities + Stockholders' equity
= 170,000 + 190,000
= $360,000
c)
Total assets = $150,000
Share capital = $50,000
Retained earnings = $25,000
Stockholders' equity = Share capital + Retained earnings
= 50,000 + 25,000
= $75,000
Total assets = Total liabilities + Stockholders' equity
150,000 = Total liabilities + 75,000
Total liabilities = $75,000
d)
Total assets = $500,000
Total liabilities = $250,000
Total assets = Total liabilities + Stockholders' equity
500,000 = 250,000 + Stockholders' equity
Stockholders' equity = $250,000
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