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1. Use the accounting equation to compute the missing financial statement amounts. Company Assets Llablities Equity 1 2$ 75,000 2$ 40,000 %3D 25,000 + $ 70,000 %3D 85,000 = $ 20,000 + 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Stock Dividends Revenues Expenses 1 $ 40,000 = 16,000 $ 20,000 $ 8,000 80,000 = 32,000 44,000 $ 24,000 %24 18,000 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 2.

1. Use the accounting equation to compute the missing financial statement amounts. Company Assets Llablities Equity 1 2$ 75,000 2$ 40,000 %3D 25,000 + $ 70,000 %3D 85,000 = $ 20,000 + 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Stock Dividends Revenues Expenses 1 $ 40,000 = 16,000 $ 20,000 $ 8,000 80,000 = 32,000 44,000 $ 24,000 %24 18,000 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 2.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.9P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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1. Use the accounting equation to compute the missing financial statement amounts. Company Assets Llablities Equity 1 2$ 75,000 = 2$ 40,000 +. 2$ 25,000 70,000 ....... 3 $ 85,000 = 24 20,000 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Stock Dividends Revenues Expenses 1 24 40,000 = 16,000 20,000 $ 2$ 8,000 $ 80,000 = 2$ 32,000 $ 44,000 2$ 24,000 24 18,000 < Prev 7 of 13 Next >
Transcribed Image Text:1. Use the accounting equation to compute the missing financial statement amounts. Company Assets Llablities Equity 1 2$ 75,000 = 2$ 40,000 +. 2$ 25,000 70,000 ....... 3 $ 85,000 = 24 20,000 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities Common Stock Dividends Revenues Expenses 1 24 40,000 = 16,000 20,000 $ 2$ 8,000 $ 80,000 = 2$ 32,000 $ 44,000 2$ 24,000 24 18,000 < Prev 7 of 13 Next >
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