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    ferperez's Avatar
    ferperez Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 7, 2007, 08:48 PM
    BExpanded Account Equation
    I am so lost in this subject and I have been trying to figure this out, can some one help me?

    Asset $20,000
    Liabilities$ 8,000
    Capital stock?
    Retained earnings $3,500

    How would I know what the Capital Stock is with the giving information? Thanks.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jan 7, 2007, 11:03 PM
    Assets = Liabilities + Owner's Equity

    In this case, Owner's Equity = Capital Stock + Retained Earnings

    So,

    20,000 = 8,000 + Capital Stock + 3,500
    Capital Stock = 8,500
    ferperez's Avatar
    ferperez Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Jan 8, 2007, 10:24 AM
    This is what I came up with also. Thank you so much.


    Quote Originally Posted by CaptainForest
    Assets = Liabilities + Owner’s Equity

    In this case, Owner’s Equity = Capital Stock + Retained Earnings

    So,

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