Answered: Company Assets = Liabilities +…

Company Assets = Liabilities + Common Stock − Dividends + Revenues − Expenses 1 $40,000 = $16,000 + $20,000 − $0 + − $8,000 2 $80,000 = $32,000 + $44,000 − + $24,000 − $18,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Question

Company	Assets	=	Liabilities	+	Common Stock	−	Dividends	+	Revenues	−	Expenses
1	$40,000	=	$16,000	+	$20,000	−	$0	+		−	$8,000
2	$80,000	=	$32,000	+	$44,000	−		+	$24,000	−	$18,000

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