A company's total assets amount to $100,000 and its total liabilities are $40,000. What is the Stockholders' Equity? a) $140,000 b) $60,000 c) $100,000 d) $40,000 @@@ This question already posted and got correct answer. dont answer this question ,i will give 10 dislikes,. do not copy from chatgpt or any ai @@@

A company's total assets amount to $100,000 and its total liabilities are $40,000. What is the Stockholders' Equity? a) $140,000 b) $60,000 c) $100,000 d) $40,000 @@@ This question already posted and got correct answer. dont answer this question ,i will give 10 dislikes,. do not copy from chatgpt or any ai @@@

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Can you please help me with this problem , and show me a formula for completing it. (a) The liabilities of Whispering Winds Company are $84,000. Common stock account is $151,000; dividends are $41,000; revenues, $461,000; and expenses, $334,000. What is the amount of Whispering Winds Company’s total assets? Total assets $enter total assets in dollars (b) The total assets of Kingbird, Inc. are $57,000. Common stock account is $24,500; dividends are $8,500; revenues, $48,000; and expenses, $34,000. What is the amount of the company’s total liabilities? Total liabilities $enter Total liabilities in dollars (c) The total assets of Dierdorf Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.’s stockholders’ equity? Stockholders’ equity $enter Stockholders’ equity in dollars
Determine the missing amounts. (Hint: For example, to solve for (a), Assets – Liabilities = Stockholders’ Equity = $35,000.) Ayayai Company Kingbird Company Michelangelo Company Raphael CompanyJanuary 1, 2019 Assets $ 105,000 $154,000 $ (g) $210,000 Liabilities 70,000 (d) 105,000 (j)Stockholders’ equity (a) 84,000 63,000 140,000 December 31, 2019 Assets (b) 191,800 280,000 (k)Liabilities 77,000 105,000 (h) 112,000 Stockholders’ equity 56,000 (e) 182,000 196,000 Stockholders’ equity changes in year Additional investment (c) 21,000 14,000 21,000 Dividends 14,000 (f) 19,600 14,000 Total revenues 490,000 588,000 (i) 700,000 Total expenses 462,000 539,000 478,800 (l)
Doggly Inc shows current assets of $105, net fixed assets of $350, Iong-term debt of $80 and owners equity of $250. What is the value of the firm's current liabilities if they are the only remaining balance sheet item? -$20 O $20 $125 $145 $330 Previous No new data to save. Last checked at 12:52pm Stop sharing Hide Honorlock is sharing your screen with app.honorlock.com
Your assistant has gone to lunch before completing his task, which was to calculate the P/E ratio for Bollymonster Toys Inc. All he has left you is the following financial information. What is Bollymonster's P/E? (Round to one decimal place.) Bollymonster Toys Inc.Selected Financial Information Debt $2000 Cash $200 #Shares Outstanding 200 Stock Price $13.00 EV-to-EBITDA 7 Depreciation Expense $70 Interest Expense $110 Income Taxes $100
ABC Company bought some computers for $10,000 and charged them. What happens to the accounting equation?Group of answer choices Assets and liabilities increase by $10,000. Assets do not change. Liabilities increase by $10,000 and owners' equity decreases by $10,000. Assets and owners' equity increase by $10,000.
Doug's Boat Shop, Inc. reports operating income of $260,000 and interes expense of $31,200. The average common stockholders equity during the year was $20,000. The beginning assets balance is $155,000 and ending assets balance is $120,000. What is the levearge ratio (Round your fial answer to two decimal places.) A. 13.75 B. 20.56 C. 6.88 D. 8.57 Thnaks for help appareicateifipjgr hrwijhiworjhw
On January 1, 2021, Red Flash Photography had the following balances: Cash, $12,000; Supplies, $8,000; Land, $60,000; Deferred Revenue, $5,000; Common Stock $50,000; and Retained Earnings, $25,000. During 2021, the company had the following transactions:1. February 15 Issue additional shares of common stock, $20,000.2. May 20 Provide services to customers for cash, $35,000, and on account, $30,000.3. August 31 Pay salaries to employees for work in 2021, $23,000.4. October 1 Purchase rental space for one year, $12,000.5. November 17 Purchase supplies on account, $22,000.6. December 30 Pay dividends, $2,000.The following information is available on December 31, 2021:1. Employees are owed an additional $4,000 in salaries.2. Three months of the rental space has expired.3. Supplies of $5,000 remain on hand.4. All of the services associated with the beginning deferred revenue have been performed.Required: 1. Record the transactions that occurred during the year. 2. Record the adjusting…
The accounting equation for Cineo Enterprises is as follows: Assets Liabilities Owner’s Equity $120,000 = $60,000 + $60,000 If Cineo purchases office equipment on account for $15,000, the accounting equation will change to Select one: a. $135,000 = $60,000 + $75,000 b. $135,000 = $67,500 + $67,500 c. $120,000 = $60,000 + $60,000 d. $135,000 = $75,000 + $60,000
The accounting equation for Goodboy's enterprises is as follows: Assets Liabilities Owner's Equity $120,000 = $60,000 + $60,000, If Goodboy's purchases office equipment on account for $12,000, the accounting equation will change to? Show Solution.
On January 1, 2021, Red Flash Photography had the following balances: Cash, $29,000; Supplies, $9,700; Land, $77,000; Deferred Revenue, $6,700; Common Stock $67,000; and Retained Earnings, $42,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $37,000. 2. May 20 Provide services to customers for cash, $52,000, and on account, $47,000. 3. August 31 Pay salaries to employees for work in 2021, $40,000. 4. October 1 Purchase rental space for one year, $29,000. 5. November 17 Purchase supplies on account, $39,000. 6. December 30 Pay dividends, $3,700. The following information is available on December 31, 2021: Employees are owed an additional $5,700 in salaries. Three months of the rental space has expired. Supplies of $6,700 remain on hand. All of the services associated with the beginning deferred revenue have been performed. 3. Prepare an adjusted trial…
On January 1, 2021, Red Flash Photography had the following balances: Cash, $29,000; Supplies, $9,700; Land, $77,000; Deferred Revenue, $6,700; Common Stock $67,000; and Retained Earnings, $42,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $37,000. 2. May 20 Provide services to customers for cash, $52,000, and on account, $47,000. 3. August 31 Pay salaries to employees for work in 2021, $40,000. 4. October 1 Purchase rental space for one year, $29,000. 5. November 17 Purchase supplies on account, $39,000. 6. December 30 Pay dividends, $3,700. The following information is available on December 31, 2021: Employees are owed an additional $5,700 in salaries. Three months of the rental space has expired. Supplies of $6,700 remain on hand. All of the services associated with the beginning deferred revenue have been performed. Record the adjusting entry for supplies…
In January 2024, Summit Department Store sells a gift card for $90 and receives cash. In February 2024 the customer comes back and spends $60 of the gift card to purchase a water bottle. What is the financial statement effect of the customer's purchase of the water bottle in February? Multiple Choice Increase assets by $30, decrease liabilities by $90, and increase stockholders' equity by $60 Decrease liabilities by $6 O and increase stockholders' equity by 560 increase assets by $60 and increase stockholders' equity by $60 Increase assets by $30, decrease liabilities by $60, and increase stockholders equity by $90