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3 years ago

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pin Co. has $52,000 in its Cash account, $20,000 in its Inventory account, and $12,000 in its Notes Payable (short-term) account

. If Spin’s only other account is Common Stock, what is the balance of that account?

1 answer:

KatRina [158]3 years ago

5 0

Answer:

60000

Step-by-step explanation:

Assets - liabilities = share holder equity

(52,000+20,000)−12,000=60000

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A typical shared work equation

7.5%2Ft + 7.5%2F%28%28t%2B8%29%29 = 1

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