kwilkmagee2280 kwilkmagee2280
  • 13-01-2018
  • Business
contestada

Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?

Respuesta :

Kalahira
Kalahira Kalahira
  • 26-01-2018
Assets - equity = liabilities
  So liability before the increase is:
 300, 000 - 100, 000 = 200, 000
 And if assets increases by 80, 000. Hence new assets = 380, 000. Liabilities increases by 50, 000; hence new liability = 250, 000.
 New Equity = New Assets - New liability.
 New Equity = 380, 000 - 250, 000 = 130, 000.
Answer Link

Otras preguntas

Batman recharges his Bat-taser with 2.5mj of energy in 15 minutes. How much power does it draw from the mains?
Choose an ethical person you admire. This could be someone you know (such as a parent, friend, or teacher) or someone you don’t know (such as a historical figur
Please solve the paper question 20
What is 4.4E-10 divided by 5.5E17
In eukaryotes cells the structure that controls the cells activities is the
Help me plz I really need it I have to pass this
Which terms BEST describe the Southern states in the years before the Civil War? A) urban and industrial B) rural and industrial C) rural and agricul
why do historians read diaries and letters from the past
9. Why is it important to know your audience when writing a business message?
Jada invests $590 in a money market account her account pays 7.2% simple interest if she does not add or withdraw any money how much interest will jadas account