(b) Assets $177,000 Liabilities Stockholders' Equity $70,000 +A
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- Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total assets of $150,000. As of December 31, 20Y8, Sylvester has total liabilities of $200,000 and total stockholders’ equity of $400,000. (a) What was Sylvester’s stockholders’ equity as of January 1, 20Y8? (b) Assume that Sylvester did not pay any dividends during 20Y8. What was the amount of net income for 20Y8?Prince Corporations accounts provided the following information at December 31, 2019: What should be the current balance of retained earnings? a. 520,000 b. 580,000 c. 610,000 d. 670,000Determine the missing amount for each of the following: Assets = Liabilities + Stockholders’ Equity a. X = $550,000 + $1,345,000 b. $776,500 = X + $588,800 c. $14,750,000 = $4,455,000 + X
- Q1. If total assets are $120,00 and total liabilities are $112,000, the amount of stockholder’s equity is: A. $32,000 B. $(32,000) C. $8,000 D. $(8,000)A company had total liabilities of $11,200,000 and total stockholder's equity of $3,600,000. Using the accounting equation, how much were total assets? a. $19,200,000 b. $3,600,000 c. $11,200,000 d. $3,600,000 e. $14,800,000Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.00
- The liabilities and owner’s equity of a company are $328,000 and $284,000, respectively. Assets should equal $44,000 $84,000 $612,000 $128,000The total assets of the business amount to OMR 24,000 and the total liabilities amount to OMR 18,000. The amount of the equity would be ________. a. 18,000 b. 42,000 c. 6,000 d. 16,000Can you answer for the following: (d) Return on assets. (Assets on 12/31/20 were $2,800.) (e) Return on common stockholders’ equity. (Stockholders’ equity—common on 12/31/20 was $910.) (f) Debt to assets ratio. (g) Times interest earned.
- Stefan Company’s ratio of Liabilities to Stockholders’ Equity is 0.6. If the company’s total assets are $48,000, determine the company’s liabilitiesA. $12,000B. $30,000 C. $18,000 D. $28,000The assets and liabilities of a company are $86,140 and $45,483, respectively. Stockholders' equity should equal a.$45,483 b.$86,140 c.$40,657 d.$131,623As of December 31, 2022, Calexico Company has assets of $42,000 and stockholders' equity of $20,000. What are the liabilities for Calexico Company as of December 31, 2022? a $22,000 b $62,000 c $42,000 d $20,000
