The assets and liabilities of a company are $137,939 and $86,910, respectively. Owner's equity should equal

Q: Oriole Company began the year with owner's equity of $301000. During the year, the company recorded…

A: GIVEN    Beginning stockholder's Equity=$301,000 Revenues  = $386,000 Expense  =$289,000  Dividends…

Q: A company has net working capital of $2,287, current assets of $6,525, equity of $22,305, and…

A:

Q: A business had revenues $679,000 and operating expenses of $588,000. What was the amount of (A) net…

A: Revenue means the amount of sale or income which a business earned. Operating expenses means the…

Q: The total assets of KJC are $1,200,000 and its liabilities are equal to 1/4 of the total assets.…

A: Introduction: Owner's equity is owner's claim over the net assets of the organization. Owner's…

Q: At the beginning of the year, Vickey Barney Company's assets amount P 7,562,432 and the owner's…

A: As per accounting equation, the total assets of a firm will be equal to the total of liabilities and…

Q: At the end of an accounting period, a company's total assets equaled $585,000, and liabilities…

A: An accounting equation refers to a mathematical representation of an accounting transaction. It…

Q: Total Liabilities of Munimuni Company amounts to P400,000 which is 40% of the total assets. How much…

A: Owner's equity =                                                         total assets - liabilities…

Q: a. Total assets of Charter Company equal $760,000 and its equity is $450,000. What is the amount of…

A: Fundamental accounting equation, represents the relationship between the Assets, Liabilities and…

Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000.…

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: At the end of an accounting period, a company's liabilities equaled $295,000, and owner's equity…

A: An accounting equation refers to a mathematical representation of the transaction. It indicates that…

Q: The total assets of Yanko Co. are $600,000 and its liabilities are equal to two-thirds of its total…

A: SOLUTION ACCOUNTING EQUATION- ASSETS = LIABILITIES + EQUITY.

Q: If assets are $239,000 and owner's equity is $83,000, the amount of the liabilities is

A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

Q: f a company's total assets equals $80,000 and its shareholders' equity equals $40,000, how much are…

A: Creditors claim on company's assets are called Liabilities. As per the accounting equation; Assets =…

Q: If liabilities are $126,000 and owner's equity is $71,000, the amount of the assets is:

A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

Q: BE1-2 Given the accounting equation, answer each of the following questions. (a) The liabilitics of…

A: Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by…

Q: of $638,000, liabilities of $269,000, and equity of $3 n on the accounting equation? se by $94,000…

A: Every transaction contains a cause and effect relationship. A sale, for example, increases accounts…

Q: A business had revenues of $679,000 and operating expenses of $588,000. Did the business (a) incur a…

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: Total assets of SanaOl Co. amounts to P2,550,000 with equal liabilities and equity amounts. How much…

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.

Q: The balance sheet of Simpson Ltd at 30 June 2021 was as follows: Simpson Ltd Balance Sheet as at 30…

A: An accounting cycle refers to the different stages in the preparation of the final accounts. Final…

Q: A company has total assets of $600,000 and total liabilities of $200,000. What is the company's Debt…

A: Debt Ratio = Total Liabilities/Total Assets It is ratio of total liabilities or total debt to total…

Q: A company's assets total $2,261,523, its liabilities total $743,778, and its retained earnings total…

A: Common Stock refers to primary securities which are issued by corporation to initiate business. It…

Q: Total assets of Charter Company equal $700,000 and its equity is $420,000. What is the amount of its…

A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

Q: The liabilities and owner’s equity of a company are $328,000 and $284,000, respectively.  Assets…

A: Given The assets and liabilities of the company are $328,000 and $284,000, respectively

Q: At the end of an accounting period, a company's total assets equaled $505,000, and owner's equity…

A: Solution: As per basic accounting equation: Total Assets = Liabilities + Owner's Equity Total Assets…

Q: The assets and liabilities of a company are $85,696 and $44,373, respectively. Stockholders' equity…

A: Accounting equation:Accounting equation is an accounting tool expressed in the form of equation, by…

Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000.…

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: A business had revenues of $640,000 and operating expenses of $715,000. Did the business (a) incur a…

A: Net Income is the difference between revenue and expenses reported in an accounting period.Net…

Q: At the beginning of the year, the assets of Tubo Services were P720,000 and it’s owner’s equity was…

A: Stockholders’ equity: It refers to the residual amount of assets that are available to the company’s…

Q: If total liabilities amount to P2,196,000 which is 60% of the total assets, then _____ is the total…

A: Formula: Accounting Equation: Assets = Liabilities + Equity

Q: Retained Earnings at the beginning and ending of the period were $950 and $2,000, respectively. If…

A: Formula: Profit before appropriations = Revenues - expenses Deduction of expenses from revenues…

Q: The classified balance sheet for a company reported current assets of $1,688,830, total liabilities…

A: Given the following information: Current assets: $1,688,830 Total liabilities: $800,540 Common…

Q: The assets and liabilities of the company are $128,000 and $84,000, respectively.  Owner’s equity…

A: Owner’s equity = Total assets - Total liabilities

Q: As of December 31, 2009, Sievers Company has assets of $35,000 and owner's equity of $20,000. What…

A: Accounting equation says that total assets should always be equals to total liabilities and…

Q: The owners' equity of Graham Interiors appears on the balance sheet as $720,000 and is equal to…

A: As per the Accounting Equation  Assets = Liabilities + Owner's Equity

Q: The assets and liabilities of a company are $89,425 and $43,044, respectively. St

A: $46,381

Q: A company has liabilities of $15,500 and $20,200 of owners' equity at the year end. What is the…

A: Owners' equity = Total assets - Total liabilities  Total assets = Owners' equity + Total liabilities…

Q: If the assets are $2,000,000 and liabilities are $1,600,000, what is the owners’equity?

A: The equation which balances the total of assets with the sum of total liabilities and total owners…

Q: A company has total equity of $1,935, net working capital of $165, long-term debt of $920, and…

A: Formula to be used: Net fixed assets = Equity + debt - Working capital

Q: If the total book value of the assets of the accounting entity is $4,150,000 and the total…

A: As per Accounting Equation,Assets =Liabilities+Stockholders' equity

Q: If a company has non-current assets worth 921, current labilies worth 598, longterm liabitities…

A: Equity = Total Assets - Total liabilities where,  Total Assets = Current assets + Non current assets…

Q: "At the end of the current year, the owner's equity in Durant Co. is P360,000. During the year, the…

A: Increase (decrease) in Equity during the year = Increase in assets - increase in liabilities = 68000…

Q: As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of…

A: Given information is: As of the end of its accounting period, December 31, Year 1, Great Plains…

Q: At the beginning of the year, the assets of MM Services were P495,765 and its owner's equity was…

A: Owner's equity shows the value in the business of owner or ownership in the business. It increases…

Q: blanks: s equity is thrice the total liabilities which is 25% of total assets, then is the amount of…

A: The accounting equation states that assets equal to sum of liabilities and equity.

Q: Office Supplies has assets equal to $137,000 and liabilities equal to $110,000 at year-end. What is…

A: Definition of Assets: Property or things owned by business. Assets classified in to: Fixed Assets…

Q: At the end of an accounting period, a company's liabilities equaled $295,000, and owner's equity…

A: Introduction: The connection between a company's assets, liabilities, and capital is referred to as…

Q: The sum of the assets, liabilities and equity of Gwapa Company amounted to P1200000 and its…

A: Assets: Assets are the resources of an organization used for the purpose of business operations.…