Answer:
The shareholders equity=-$156, this means that the liabilities outweigh the assets by $156.
Explanation:
The shareholder's equity can be defined as the net value of a company. It basically is the amount that shareholders would receive if all the company's assets were liquidated and all of the company's debt also paid back. The shareholder's equity is usually found on the company's balance sheet and can be used as a financial measure to determine the company's financial status. The shareholder's equity is determined from subtracting the company's totals liabilities from its total assets. This can be expressed in the formula below;
E=A-L....equation 1
where;
E=shareholder's equity
A=total assets
L=total liabilities
The total assets represents everything that has some economic value to the company. A liability is an obligation to something or anything of economic value that the company owes. In our case, the company has an obligation to pay it's creditors $6,460 at the end of they year. This is a liability.
Use equation 1 above to solve;
E=unknown, to be determined
A=$6,304
L=$6,460
replacing;
E=(6,304-6,460)=-$156
The shareholders equity=-$156, this means that the liabilities outweigh the assets by $156.
Business entity assumption is required to maxim to record the building at $500,000.
<h3>
What is Business entity assumption?</h3>
Business entity assumption, also known as separate entity assumption or the economic entity concept, is an accounting principle that argues that all businesses must maintain their financial records independently of their owners and other businesses. All revenue generated by the company's operations must be reported as revenue, and all expenses must be those directly related to the maxim. Any owner's personal expenses shouldn't be charged to the business. Due to the precise separation of the Business entity assumption, the firm may be examined for tax and profitability using accurate financial data rather than a maxim combination of personal and business money.
To learn more about Business entity from the given link
brainly.com/question/14117518
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<span>Texan leader who defeated Santa Anna at the Battle of San Jacinto</span>
Answer:
self-managed team
Explanation:
The self-managed team is a team of people who are working in a group belonging from different specialization that is responsible and accountable with respect to the product production and service delivering
Here, in the given question it is mentioned that the core members have responsibility for the product or the resources required
Therefore the first option is correct
