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inysia [295]
3 years ago
10

If the balance of the Buildings account was $68800 and $5400 of Accounts Payable were paid in cash, what would be the balance of

the total stockholders' equity
Business
1 answer:
Arte-miy333 [17]3 years ago
8 0

Answer:

the total stockholders' equity will be $63,400

Explanation:

The Balance Sheet uses the Accounting Equation. Accounting Equation is stated as :

                                    Assets = Equity + Liabilities

Also stated differently the Accounting equation will be

                                    Equity = Assets - Liabilities

Where,

Assets = $68,800

Liabilities = $5,400

Therefore,

Equity = $68,800 - $5,400

           = $63,400

Conclusion

The total stockholders' equity will be $63,400

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If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down the AD curve as price level d
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The top reasons cross-channel shoppers research items online before buying in stores include: (1) the desire to compare products
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K Company estimates that overhead costs...
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