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    sburgess131's Avatar
    sburgess131 Posts: 1, Reputation: 1
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    #1

    Aug 27, 2014, 06:10 PM
    Liabilities/Equity Question
    Assets: 52,000
    Liabilities: ?
    Stock Issuance: 6,000
    Net Income (loss): 12,080
    Cash Dividends 3,500

    What is the munt of equity?
    What is the amount of liabilities?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 27, 2014, 09:28 PM
    Not hard to calculate these numbers why don't you have a go
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Aug 28, 2014, 10:48 AM
    First you have to solve for equity which is add your stock issuances and your net income and subtract your cash dividends.

    Also you need to know the basic accounting equation, which is:
    Assets = Liabilities + Owners Equity

    This formula can be rewritten to:
    Liabilities = Assets - Owners Equity
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