I have answered these questions and I am wondering if they are correct?:(
For the following four cases, use the expanded accounting equation to compute the missing quantity.
ASSETS LIABILITIES CAPITAL STOCK RETAIN ED EARNINGS
Case A $20,000 $8,000 A $3,500
Case B 16,000 B $5,000 2,000
Case C C 11,000 14,000 32,000
Case D 46,000 30,000 20,000 D
Answers:
A. $12,000
B. $11,000
C. $25,000
D. Not enough data to complete.