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Dima020 [189]
2 years ago
14

Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $210.761 million Total Common Stock of $6.

350 million Cash of $10.050 million Retained Earnings of $47.491 million. What were the Digby Corporation's total liabilities
Business
1 answer:
xeze [42]2 years ago
5 0

Answer:

the  Digby Corporation's total liabilities is $156.92 million

Explanation:

The computation of the total liabilities is given below:

Total Liabilities is

= Total Asset - (Total Common Stock + Retained Earnings)

= $210.761 - ($6.350 + $47.491)

= $210.761 - $6.350 - $47.491

= $156.92 million

Hence, the  Digby Corporation's total liabilities is $156.92 million

The same should be relevant

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Based on the amount of equity and that of assets, the percentage funded by owners is<u> 29.4%. </u>

<h3>What is the Percentage financed by owners?</h3>

This can be found by the formula:

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Solving gives:

= 6,702,500 / 22,825,084 x 100%

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In conclusion, 29.4% is financed by the owners.

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2 years ago
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5 0
9 months ago
A company prepares its income statement by listing all sources of revenues and gains at the top, followed by a list of all expen
lapo4ka [179]

Answer:

Single step income statement

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Revenues:

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Income before taxes                         $20

Tax expenses                              <u> ($4.20)</u>

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A multi-step income statement is more complex, since operating revenues and costs are reported first in order to determine operating income, then other revenues and expenses are introduced and income before taxes is calculated.

8 0
3 years ago
Enrico is having trouble telling the difference between the sound of a tuba and the sound of a piccolo. Even though a piccolo pr
Serggg [28]

Answer:

Pitch

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Which of the following is the correct statement about fixed costs? The fixed cost per unit will decrease when volume increases.
Montano1993 [528]

Answer:

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6 0
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