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    NEW DAY's Avatar
    NEW DAY Posts: 1, Reputation: 1
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    #1

    Feb 16, 2010, 07:01 PM
    What is the expanded accounting equation to compute the missing quantity?
    Assets Liabilities Capital Stock Retained Earnings
    Case A $23,000 $11,000 A $ 4,500
    Case B 17,500 B $ 4,500 3,600
    Case C C 14,000 11,000 27,000
    Case D 45,000 29,000 18,000 D
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 19, 2010, 01:26 AM

    The equation is absolutely in your textbook, because it's the backbone of many concepts in accounting:
    Assets = Liabilities + Stock + Retained Earnings

    Plug in the numbers given and solve for the missing ones. (And this thing loses columns when you post so no way to tell where those are. If you go into the "Go Advanced" button you will get a preview of your post.
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