Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Liabilities/Equity Question (https://www.askmehelpdesk.com/showthread.php?t=800259)

  • Aug 27, 2014, 06:10 PM
    sburgess131
    Liabilities/Equity Question
    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?
  • Aug 27, 2014, 09:28 PM
    paraclete
    Not hard to calculate these numbers why don't you have a go
  • Aug 28, 2014, 10:48 AM
    pready
    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

  • All times are GMT -7. The time now is 06:25 PM.