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    NewStudent1989's Avatar
    NewStudent1989 Posts: 1, Reputation: 1
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    #1

    Jan 17, 2012, 05:50 PM
    Accounting
    What is the amount of equity on December 31, 2011?


    December 31, 2011

    Assets=44000
    Liabilities ?

    During year 2011

    Stock issuances 6,000

    Net income(loss) 9,920

    Cash dividends 3,500


    Liability and Equity
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 17, 2012, 07:00 PM
    Add Net Income to your stock issuances, then subtract your cash dividends to get Owners Equity.

    Assets minus Owners Equity equals Liabilities.
    jessica_a's Avatar
    jessica_a Posts: 2, Reputation: 1
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    #3

    Jan 20, 2012, 11:39 AM
    You should read fundamental accounting principles
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