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soldi70 [24.7K]
3 years ago
8

Accounting Equation

Business
1 answer:
baherus [9]3 years ago
8 0

,Answer:

  • a. $420,000
  • b. $473,000

Explanation:

a. Stockholders' equity December 31, 2017

Assets = Equity + Liabilities

529,000 = Equity + 127,000

Equity = 529,000 - 127,000

= $402,000

b. Stockholders' equity in 2018:

Assets = Equity + Liabilities

(529,000 + 101,000) = Equity + (127,000 + 30,000)

630,000 = Equity + 157,000

Equity = 630,000 - 157,000

= $473,000

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Answer:

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