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View Full Version : Liabilities/Equity Question


sburgess131
Aug 27, 2014, 06:10 PM
Assets: 52,000
Liabilities: ?
Stock Issuance: 6,000
Net Income (loss): 12,080
Cash Dividends 3,500

What is the munt of equity?
What is the amount of liabilities?

paraclete
Aug 27, 2014, 09:28 PM
Not hard to calculate these numbers why don't you have a go

pready
Aug 28, 2014, 10:48 AM
First you have to solve for equity which is add your stock issuances and your net income and subtract your cash dividends.

Also you need to know the basic accounting equation, which is:
Assets = Liabilities + Owners Equity

This formula can be rewritten to:
Liabilities = Assets - Owners Equity