Andrewb1
Sep 8, 2010, 05:42 AM
I have a question that requires me to calculate liabilities given the following information:
Company A - Dec 2010: Assets 40000, Liabilities 32800 (I calculated equity to be $7200. I am required to calculate liabilities for Dec 2011 giving the following transactions occurred in 2011 - Assets 43000, Stock Issuance 6000, Net Income (loss) 9650 and Cash Dividends $3500. Can you help me to determine liabilities and also net income (loss) if it wasn't given
Company A - Dec 2010: Assets 40000, Liabilities 32800 (I calculated equity to be $7200. I am required to calculate liabilities for Dec 2011 giving the following transactions occurred in 2011 - Assets 43000, Stock Issuance 6000, Net Income (loss) 9650 and Cash Dividends $3500. Can you help me to determine liabilities and also net income (loss) if it wasn't given