All categories

3 years ago

Using the expanded accounting equation, solve for the missing amount

Business

1 answer:

AveGali [126]3 years ago

6 0

Answer:

The expanding accounting equation is:

Assets = Liabilities + Stockholders Equity

[Common Stock + Retained Earnings]

(Revenues - Expenses - Dividends)

Now, we replace the amounts in the formula

$84,325 = $2,560 + X

[ X + R ]

($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

[ X + R ]

($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

[ X + $13,205 ]

$84,325 = $2,560 + X

[ 68,560 + $13,205 ]

$84,325 = $2,560 + $81,765

Both sides are now equal to $84,325

Thus, Common Stock = $68,560

You might be interested in

A trader maintains a position in a small capitalization stock that has low trading volume. The trader has a high level of which

swat32

Answer:

B) Liquidity

Explanation:

Liquidity is the ability of quickly buy or sell a stock without any price change.

Liquidity in a small-capitalization stock that has low trading volume is generally low that causes a problem for traders. It is so because in small capitalization, traders are unable to understand potential pitfalls and blindly invest in small-capitalization stocks which do not give profit as expected and the liquidity becomes low.

Hence, the correct answer is B) Liquidity.

6 0

3 years ago

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shar

CaHeK987 [17]

Answer:

$504,000

Explanation:

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker.

The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction will be:

Journal entries

Dr. Cash (12000 shares x $47)..................................$564,000

Cr. Common Stock (12,000 shares x $5).................................$60,000

Cr. Additional Paid-In Capital [(12,000 shares x ($47-$5)].$504,000

Being issue of common of $5 per share at the price of $47 per share

8 0

2 years ago

How is the market supply curve derived from the supply curves of individual producers?.

NNADVOKAT [17]

The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.

<h3>How is the market supply curve estimated?</h3>

The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.

The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.

Options for this question are:

a. finding the average price at which sellers are willing and able to sell a particular quantity of the good.
b. vertically summing individual supply curves.
c. finding the average quantity supplied by sellers at each possible price.
d. horizontally summing individual supply curves.

Find out more on the market supply curve at brainly.com/question/26430220

#SPJ1

8 0

1 year ago

Which explains a way banks channel money from savers to borrowers? (study island)

Andrew [12]

Banks lend money from saving accounts to people who need loans

5 0

3 years ago

You are trying to listen to instructions your boss is giving you about a new method for keeping expense accounts. But you find i

alexandr402 [8]

Answer:

Psychological barrier

Explanation:

The type of barrier that you are experiencing is psychological. Psychological barriers result when your personal values are not aligned with the message being received, be it by cultural or ethical values or even by preconceived thoughts. In this situation, since you do not agree with the task at hand of changing the method for keeping the accounts, you find it difficult to focus on the task.

5 0

3 years ago

Read 2 more answers