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?
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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?
Not hard to calculate these numbers why don't you have a go
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
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