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Gearyjames8
17.01.2020 •
Business
Annie rasmussen, capital, as of december 31, 2019, assuming that assets decreased by $168,000 and liabilities increased by $15,000 during 2019. $3, 250, 30 d. annie rasmussen, capital, as of december 31, 2019, assuming that assets increased by $175,000 and liabilities decreased by $18,000 during 2019. e. net income (or net loss) during 2019, assuming that as of december 31, 2019, assets were $880,000, liabilities were $220,000, and there were no additional investments or withdrawals. if you know two figures for the accounting equation (assets liabilities + owner's equity you can rearrange it to calculate the missing amounts.
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Ответ:
c. $357,000
d. $733,000
e. $120,000
Explanation:
As we know that
Total assets = Total liabilities + Shareholder equity
The computation is shown below:
c. Updated assets would be
= $720,000 - $168,000
= $552,000
And, the updated liabilities would be
= $180,000 + $15,000
= $195,000
So, the updated capital would be
= $552,000 - $195,000
= $357,000
d. Updated assets would be
= $720,000 - $175,000
= $895,000
And, the updated liabilities would be
= $180,000 - $18,000
= $162,000
So, the updated capital would be
= $895,000 - $162,000
= $733,000
e. The opening capital would be
= Total assets - total liabilities
= $720,000 - $180,000
= $540,000
And, the ending capital would be
= Total assets - total liabilities
= $880,000 - $220,000
= $660,000
So, the gain would be
= Ending capital balance - opening capital balance
= $660,000 - $540,000
= $120,000
Ответ: