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    LittleMiss1962's Avatar
    LittleMiss1962 Posts: 8, Reputation: 1
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    #1

    Apr 1, 2007, 04:48 PM
    expanded accounting equation
    Is this the expanded accounting equation?

    Assets = liabilities + owner's equity + revenue - expenses

    If so, where does retained equity fall under?

    This is what I did. We have to find the balnk spot.

    20, 000 (assets) = 8,000 (liabilities) + X (capital stock) + 3,500 (retained earnings)

    20,000 = 8,000 + 8,500 + 3,500

    X = 8,500

    Is this right?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Apr 1, 2007, 05:21 PM
    If you have:
    Assets 20,000
    Liabilities 8,000
    Retained Earnings of 3,500

    Then you are correct, Capital Stock must be 8,500
    anebrev's Avatar
    anebrev Posts: 1, Reputation: 1
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    #3

    Jan 28, 2010, 10:48 PM

    Yes the answer is 8,500
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #4

    Jan 29, 2010, 11:44 PM

    The thread is almost three years old. Not to mention that you're answering what has already been answered.
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