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
Dane and the other stockholders will lose their investments but nothing else. Because Dane and others are stockholders in this company, they will lose the money that they had invested in the company and they will no longer receive any dividend from the company again because the company has gone bankrupt. Dane and others are not liable for other debts that had been acquired by the company.
Try your best to break it up.. and call the police if it gets to out of hand.
Ps: I don't mess with the police just giving you the right answer #FTP
Answer:
true
Explanation:
jhonny sins approved this message
A skunkwork is a separate, small, informal, highly autonomous, and often secretive group that focuses on breakthrough for the business.
