1 year ago

How do you solve for an owner's equity

Business

1 answer:

olganol [36]1 year ago

5 0

Answer:

add up all of the business assets and deducting all of its liabilities.

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On December 31 of Swift Co.’s first year, $70,000 of accounts receivable is not yet collected. Swift estimates that $4,000 of it

pishuonlain [190]

Answer:

1. $66,000

2. $66,000

Explanation:

The computations are shown below:

1. Before written off:

= Account receivable balance - uncollectible amount

= $70,000 - $4,000

= $66,000

2. After written off:

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Los Angeles 400 300 500

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600 x 6 = 3,600 1,300 x 6 = 7,800 2,000 x 6 = 12,000

400 x 6 = 2,400 300 x 6 = 1,800 500 x 6 = 3,000

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2 years ago

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The true statement about the Siemens bribery scandal is:

b The CEO was involved and condoned it.

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D all of the above this is correct because she would learn and derive information from all these sources.

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3 years ago

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How do you solve for an owner's equity​

How do you solve for an owner's equity