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Expanded Accounting Equation
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Expanded Accounting Equation For the following four cases, use the expanded accounting equation to compute the missing quantity. Assets Liabilities Capital Stock Retained Earnings Case A $20,000 $ 8,000 A $ 3,500 Case B 16,000 B $ 5,000 2,000 Case C C 11,000 14,000 32,000 Case D 46,000...
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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)
Example of an Expanded Accounting Equation
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How to use the expanded accounting equation to compute a missing quantity?
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This problem was posted but I have no idea how the answer was found. Anyone? njyesca6:confused:
Compute the missing quantity
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Assets liabilities Capital Stock Retained Earnings Case A__ $20,000 $8,000_____ A__________ $3,500____________ Case B____ 16,000_____B________ 5,000___________ 2,000____________ Case C_____C______ 11,000_____ 14,000__________ 32,000____________ Case D_____46,000 _30,000... View more questions Search
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