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New Member
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Feb 23, 2010, 09:14 AM
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assets 23,000, liability 11,000, retained earn-4,500, what is capital stock
In the expanded accounting equation, if assets aqre 23,000, liabailities 11,000, retained earnings are 4,500, how much is capital stock, and how do you compute the answer?
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New Member
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Feb 23, 2010, 09:22 AM
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Expanded accounting equation: if assets are 17,500, capital stock is 4,500, retained earnings 3,600, what are liabilities?
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New Member
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Feb 23, 2010, 09:24 AM
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expanded accounting equation: if liabilities are 14,000, capital stock 11,000, and retained earnings is 27,000, what are the assets?
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New Member
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Feb 23, 2010, 09:25 AM
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expanded accounting equation: if assets are 45,000, liabilities 29,000, capital stock 18,000, what are tetained earnings? How do you compute this?
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New Member
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Feb 23, 2010, 09:28 AM
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expanded accounting equation: of assets are 23,000, liabilities 11,000, retained earnings 4,500, what is capital stock? How do u compute?
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Uber Member
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Feb 24, 2010, 12:37 AM
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These are all done the same way. Please post one problem, learn how to solve it, and then try to apply it to your other problems instead of just posting them all.
You should absolutely know your accounting equation. If you do not, get your book out and learn it now. This is just a slightly expanded form of it, splitting the equity down:
Assets = Liabilities + Stock + Retained earnings
The entire point of these kind of questions is to see if you've got your accounting equation worked out.
Plug in what you've got and solve for what is missing. They are all solved the same way. If you want to post your solutions, that is fine.
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