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    keli13's Avatar
    keli13 Posts: 2, Reputation: 1
    New Member
     
    #1

    Jun 13, 2012, 05:34 PM
    Please help me understand this. What would the formula be to figure this out?
    For each of the following cases, fill in the blank with the appropriate dollar amount.


    Total assets, end of period $40,000 ? $75,000 $50,000
    Total liabilities, end of period ? 15,000 25,000 10,000
    Capital stock, end of period 10,000 5,000 20,000 15,000
    Retained earnings,
    Beginning of period 15,000 8,000 10,000 20,000
    Net income for the period 8,000 7,000 ? 9,000
    Dividends for the period 2,000 1,000 3,000 ?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Jun 13, 2012, 08:32 PM
    Quote Originally Posted by keli13 View Post
    For each of the following cases, fill in the blank with the appropriate dollar amount.


    Total assets, end of period $40,000 ? $75,000 $50,000
    Total liabilities, end of period ? 15,000 25,000 10,000
    Capital stock, end of period 10,000 5,000 20,000 15,000
    Retained earnings,
    beginning of period 15,000 8,000 10,000 20,000
    Net income for the period 8,000 7,000 ? 9,000
    Dividends for the period 2,000 1,000 3,000 ?
    RE(beginning) + NI - DP = RE(closing)
    A - L = equity. Equity = Capital + RE
    keli13's Avatar
    keli13 Posts: 2, Reputation: 1
    New Member
     
    #3

    Jun 20, 2012, 12:41 PM
    Quote Originally Posted by paraclete View Post
    re(beginning) + ni - dp = re(closing)
    a - l = equity. Equity = capital + re
    Thank you!

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