Balance Sheet Equation

Mcbain · #1 Oct 2, 2005, 07:15 AM

Revenues A
Expenses 200
Dividends Declared 5
Additional Inv. 40
Net Income 20

Retained Earnings
Beginning of Year 60
End of Year B

Paid-in Capital
Beginning of Year 10
End of Year C

Total Assets
Beginning of Year D
End of Year 280

Total LIabilities
Beginning of Year 90
End of Year E

Solve for A,B,C,D,E

Any help would be appreciated, came up with some answers but not sure

arunavcd · Oct 2, 2005, 07:59 AM

under A, what is the Additional INV? What do u mean by INV? Can u please let me know.

I gotta try.

Thanks

Mcbain · Oct 2, 2005, 12:30 PM

Inv is Additional Shareholders' Investment

Mcbain · Oct 2, 2005, 12:33 PM

The answers can be found using the general formula

Assets = Liabilities + Shareholders' Equities

and all of the components of a Balance Sheet that fall under those three headings.



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