Determine 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

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....
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Determine 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

 

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