Homework Answers
Solution:
1) Determine the missing ammounts.
| Assets | = | liabilities | + | Stockholders'equity | |
| a. | $78000 | = | $50,000 | + | $28,000 |
| b. | $115,000 | = | $45,000 | + | $70,000 |
| c. | $94,000 | = | $34,000 | + | $60,000 |
Explanation:
Assets = liabilities+ stockholders'equity
a.) Stockholders'equity =Assets - Liabilities
=$78000 - $50,000
=$28,000
b.) Assets = liabilities + stockholders'equity
=$45,000 + $70,000
=$115,000
c.Liabilities =Assets - Stockholders'equity
=$94000 -$60,000
=$34,000
a) Holland Company total assets=$352,000
Explanation:
Total assets =Liabilities + Stockholders'equity
=$120,000+$232,000
=$352,000
b.) Holland Company total liabilities =$104,000
Explanation:
Total liabilities =Assets - Stockholders'equity
=$190,000 - $86,000
=$104,000
c.) Holland Company stockholders'equity =$300,000
Explanation:
First we calculate liabilities
According to question, liabilities are equal to one half of past. So liabilities=
$600,000/2 =$300,000
Now Stockholders'equity =Assets - Liabilities
=$600,000 - $300,000
=$300,000
Add Answer to:
Brief Exercise 1-01 Presented below is the basic accounting equation. Determine the missing amounts. = Assets...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
Brief Exercise 1-8 Use the basic accounting equation to answer these questions. (a) The liabilities of...
Brief Exercise 1-8 Use the basic accounting equation to answer these questions. (a) The liabilities of Lantz Company are $93,700 and the stockholders' equity is $240,000. What is the amount of Lantz Company's total assets? Total assets (b) The total assets of Salley Company are $193,000 and its stockholders' equity is $84,000. What is the amount of its total liabilities? Total liabilities (e) The total assets of Brandon Co. are $890,000 and its abilities are equal to one-fourth of its...
Brief Exercise 1-8 Use the basic accounting equation to answer these questions. (a) The liabilities of...
Brief Exercise 1-8 Use the basic accounting equation to answer these questions. (a) The liabilities of Jantz Company are $95,860 and the stockholders' equity is $269,500. What is the amount of Jantz Company's total assets? Total assets (b) The total assets of Foley Company are $189,900 and its stockholders' equity is $85,300. What is the amount of its total liabilities? otel labilities (c) The total assets of Sundberg Co. are $947,700 and its liabilities are equal to one-fourth of its...
Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities...
Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Stockholders' Equity (a) $77,000 $45,000 $ (b) $ $46,000 $61,000 (c) $88,000 $62,000 $
Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company...
Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $122,500 and its stockholders' equity is $241,000. What is the amount of Holland Company's total assets? Holland Company's total assets (b) The total assets of Holland Company are $187,000 and its stockholders' equity is $93,000. What is the amount of its total liabilities? Holland Company's total liabilities (c) The total assets of Holland Company are $612,000 and its liabilities are equal to one-half...
Everose olem 1.03A 1-3 oblem 1-OSA Use the basic accounting equation to answer these questions. (a)...
Everose olem 1.03A 1-3 oblem 1-OSA Use the basic accounting equation to answer these questions. (a) The liabilities of Sandhill Company are $94,100 and the stockholders' equity is $243,000. What is the amount of Sandhill's total assets? Total assets w Score ew Results by Study active (b) The total assets of Whispering Company are $181,000 and its stockholders' equity is $82,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Monty Co. are $830,000...
LUS Weygandt, Financial Accounting, 10e Brief Exercise 1-3 Your answer is partially correct. Try again. At...
LUS Weygandt, Financial Accounting, 10e Brief Exercise 1-3 Your answer is partially correct. Try again. At the beginning of the year, Blue Spruce Company had total assets of $872,000 and total liabilities of $451,000. Answer the following questions (a) If total assets increased $153,000 during the year and total liabilities decreased $58,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity J 632000 (b) During the year, total liabilities increased $125,000 and stockholders' equity...
Brief Exercise 1-2 Given the accounting equation, answer each of the following questions. (a) The liabilities...
Brief Exercise 1-2 Given the accounting equation, answer each of the following questions. (a) The liabilities of Whispering Winds Company are $123,000 and its stockholders' equity is $240,500. What is the amount of Whispering Winds Company's total assets? Whispering Winds Company's total assets $ (b) The total assets of Whispering Winds Company are $196,500 and its stockholders' equity is $90,500. What is the amount of its total liabilities? Whispering Winds Company's total liabilities $ (c) The total assets of Whispering...
Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The...
Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $82,520. Common stock account is $141,500; dividends are $93,680; revenues, $456,960; and expenses, $333,840. What is the amount of Olga Company's total assets? Olga Company's total assets + (b) The total assets of Lafayette Company are $64,140. Common stock account is $17,330; dividends are $7,620; revenues, $45,300; and expenses, $36,910. What is the amount of the company's total liabilities?...
Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The...
Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $98,520. Common stock account is $142,300; dividends are $88,380; revenues, $442,400; and expenses, $328,940. What is the amount of Olga Company's total assets? Olga Company's total assets s (b) The total assets of Lafayette Company are $60,600. Common stock account is $20,950; dividends are $5,670; revenues, $46,160; and expenses, $27,580. What is the amount of the company's total liabilities?...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 (b) ? $44,000 $70,000 (c) $94,000 $53,000 1. Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Owner's Equity (a) $90,000 $50,000 ? (b) ? $44,000 $70,000 (e) $94,000 ? $53,000 2. Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner's equity is...
Brief Exercise 1-8 Use the basic accounting equation to answer these questions. (a) The liabilities of Lantz Company are $93,700 and the stockholders' equity is $240,000. What is the amount of Lantz Company's total assets? Total assets (b) The total assets of Salley Company are $193,000 and its stockholders' equity is $84,000. What is the amount of its total liabilities? Total liabilities (e) The total assets of Brandon Co. are $890,000 and its abilities are equal to one-fourth of its...
Brief Exercise 1-8 Use the basic accounting equation to answer these questions. (a) The liabilities of Jantz Company are $95,860 and the stockholders' equity is $269,500. What is the amount of Jantz Company's total assets? Total assets (b) The total assets of Foley Company are $189,900 and its stockholders' equity is $85,300. What is the amount of its total liabilities? otel labilities (c) The total assets of Sundberg Co. are $947,700 and its liabilities are equal to one-fourth of its...
Brief Exercise 1-1 Presented below is the basic accounting equation. Determine the missing amounts. Assets Liabilities + Stockholders' Equity (a) $77,000 $45,000 $ (b) $ $46,000 $61,000 (c) $88,000 $62,000 $
Given the accounting equation, answer each of the following questions. (a) The liabilities of Holland Company are $122,500 and its stockholders' equity is $241,000. What is the amount of Holland Company's total assets? Holland Company's total assets (b) The total assets of Holland Company are $187,000 and its stockholders' equity is $93,000. What is the amount of its total liabilities? Holland Company's total liabilities (c) The total assets of Holland Company are $612,000 and its liabilities are equal to one-half...
Everose olem 1.03A 1-3 oblem 1-OSA Use the basic accounting equation to answer these questions. (a) The liabilities of Sandhill Company are $94,100 and the stockholders' equity is $243,000. What is the amount of Sandhill's total assets? Total assets w Score ew Results by Study active (b) The total assets of Whispering Company are $181,000 and its stockholders' equity is $82,000. What is the amount of its total liabilities? Total liabilities (c) The total assets of Monty Co. are $830,000...
LUS Weygandt, Financial Accounting, 10e Brief Exercise 1-3 Your answer is partially correct. Try again. At the beginning of the year, Blue Spruce Company had total assets of $872,000 and total liabilities of $451,000. Answer the following questions (a) If total assets increased $153,000 during the year and total liabilities decreased $58,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity J 632000 (b) During the year, total liabilities increased $125,000 and stockholders' equity...
Brief Exercise 1-2 Given the accounting equation, answer each of the following questions. (a) The liabilities of Whispering Winds Company are $123,000 and its stockholders' equity is $240,500. What is the amount of Whispering Winds Company's total assets? Whispering Winds Company's total assets $ (b) The total assets of Whispering Winds Company are $196,500 and its stockholders' equity is $90,500. What is the amount of its total liabilities? Whispering Winds Company's total liabilities $ (c) The total assets of Whispering...
Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $82,520. Common stock account is $141,500; dividends are $93,680; revenues, $456,960; and expenses, $333,840. What is the amount of Olga Company's total assets? Olga Company's total assets + (b) The total assets of Lafayette Company are $64,140. Common stock account is $17,330; dividends are $7,620; revenues, $45,300; and expenses, $36,910. What is the amount of the company's total liabilities?...
Brief Exercise 1-4 Use the accounting equation to answer each of the following questions. (a) The liabilities of Olga Company are $98,520. Common stock account is $142,300; dividends are $88,380; revenues, $442,400; and expenses, $328,940. What is the amount of Olga Company's total assets? Olga Company's total assets s (b) The total assets of Lafayette Company are $60,600. Common stock account is $20,950; dividends are $5,670; revenues, $46,160; and expenses, $27,580. What is the amount of the company's total liabilities?...
Most questions answered within 3 hours.
-
You have been married to your spouse for 10 years. You have two
small children (ages...
asked 1 hour ago -
Spiderman makes a leap from one building to
another. He starts on one building that is...
asked 1 hour ago -
A
symbol is something that stands for something else. What are the
symbols in education?what are...
asked 2 hours ago -
The charge to the left in the figure above has a
magnitude of 2.90 nC, and...
asked 3 hours ago -
Verify the MIRR is 9.29% given cash flows in years 1 and 2 of
$1,000 each,...
asked 4 hours ago -
Calculate the pH of a 5.7 M solution of aniline (C6H5NH2; Kb =
3.8 x 10^-10)
asked 6 hours ago -
LSL R3, R3, R12
Memory
Address
Orig.
Data
Updated
Data
Register
Orig.
Data
Updated
Data
0x84F0...
asked 6 hours ago -
Air at 100 kPa and density of 1.2 kg/m3 flows upward through a
5-cm diameter inclined...
asked 6 hours ago -
Define the following concepts in your own words: (a) stiffness,
(b) strength, (c) strain,
(d) ductility,...
asked 7 hours ago -
In C++
In this homework, you will be tasked with creating functions to
manipulate strings that...
asked 7 hours ago -
An isolated colony represents a pure culture. one rare occasions
, however , a colony can...
asked 7 hours ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******Rights and Duties of Auditors; Minimum 4000
words...
asked 8 hours ago