using the accounting equation, answer each following independent questions?
using the accounting equation, answer each following independent questions?
The accounting equation show me the work and how you got the answer please?
1. burlin company starts the year with 100,000 in assets and 80,000 in liabilities. net income for the year is 25,000, and no dividends are paid. how much is owner's equipty at the end of the year?
Answers:
clavdivs: $30, more or less.
2008-05-17 11:35:48
2008-05-17 11:35:48
BumbleBee: Assests - Liabilities = Equity
100,000-80,000= 20,000
2008-05-17 11:36:06
2008-05-17 11:36:06
Hanhan H: welcome to our website www shcyk.com,we are well know commericai site .we have good products and best price.
2008-05-17 11:39:16
2008-05-17 11:39:16
Chosen Answer
Sandy: Owner's equity at the start of the year is $100k - $80k = $20k. Add to that net income for the year of $25k and the owner's equity at end of the yr is $45,000
2008-05-17 19:07:02
Sandy: Owner's equity at the start of the year is $100k - $80k = $20k. Add to that net income for the year of $25k and the owner's equity at end of the yr is $45,000
2008-05-17 19:07:02