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

Which of the following elements should be placed on the backside of a word card? A. definition B. pronunciation C. sample sentence D. word
menelaus is king of which city?
What was a major cause of migration to the cities at the turn of the century?
discuss the factors that cause or influence teenagers to engage in each these types of ricky behaviour identified above
Solve the system of linear equations below.  2x + 3y = 2   x + 6y = 4
Whose unexpected reaction after one of George Whitefield's sermons demonstrated how powerful Whitefield's preaching style was?
How should the biological name of the giant water bug be written in binomial nomenclature?
how many hours is 8 to 3 o'clock
The Saginaw Bay tides vary between two feet and eight feet. The tide is at its lowest point when time (t) is 0 and completes a full cycle in 16 hours. What is t
Scientists use tissue cultures to study possible medicines that can be used to treat cancer patients. What is one benefit of this procedure? A) Patients do no