I am given assets: 36,000. Liability: ? Equity: ?
Also am given
Stock issuances.. 6000
Net income... 7760
How am I suppose to set this up thanks.
Add your answer here.
Check out some similar questions!
Net Income from total assets and Liabilities? [ 3 Answers ]
Here is the problem: I have tried to find the solution but what I do not get is how I am supposed to find the net income when I do not know the revenue and expenses? The total assets and the total liabilities of a business at the beginning of the year and the end of the year are below. During...
Net Income from Total Assets and Liabilities? [ 7 Answers ]
I'm very confused. Here's the question: Total Assets as of May 31, 2010 = $174,000 Total Liabilities as of May 31, 2010 = $104,000 Total Assets as of June 30, 2010 = $208,000 Total Liabilities as of June 30, 2010 = $127,000 Following are 3 situations about owner's investments and...
Net income $ Total Assets [ 1 Answers ]
Cody Company reports net income of $101,100 in 2010. However, ending inventory was understated $17,890. What is the correct net income for 2010? $___________________ What effect, if any, will this error have on total assets as reported in the balance sheet at December 31, 2010? Total...
How to find net income with the stockholder equity statement? (Finance) [ 1 Answers ]
At the end of last year jefferson motors had 100,000 shares of common stock with a balance of $185,000, retained earnings of $710,000, and total stockholders equity of $895,000. This year jefferson paid a dividend of $80,000 and its end of year retained earnings were $800,000. What was the net...
Accouting: Net Income and Equity [ 1 Answers ]
I really need help figuring out Net income in this problem :confused:... Need to find Net income and Equity for 2007(If I figure out Net income I will be able to figure out Equity and vice versa.. so either or would be great) This is all that I am given: Dec. 2006 Assets: $30,420
View more questions Search