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    margaret47's Avatar
    margaret47 Posts: 1, Reputation: 1
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    #1

    Mar 23, 2009, 07:34 PM
    Expanded Accounting Equation
    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 $23,000 $11,000 A $ 4,500
    Case B 17,500 B $ 4,500 3,600
    Case C C 14,000 11,000 27,000
    Case D 45,000 29,000 18,000 D
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 24, 2009, 03:18 AM

    Assets Liabilities Capital Stock Retained Earnings
    Case A $23,000 $11,000 A $ 4,500
    Case B 17,500 B $ 4,500 3,600
    Case C C 14,000 11,000 27,000
    Case D 45,000 29,000 18,000 D

    _____________________________________

    Assets Liabilities Capital Stock Retained Earnings
    Case A $23,000 $11,000 $7,500 $ 4,500
    Case B 17,500 $9,400 $ 4,500 3,600
    Case C 52,000 14,000 11,000 27,000
    Case D 45,000 29,000 18,000 -2,000
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