Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. for the balance sheet shown below what is the valu

For the Balance Sheet shown below what is the value of the Owners Equity? Liabilities...

80.2K

Verified Solution

Question

Finance

image

For the Balance Sheet shown below what is the value of the Owners Equity? Liabilities Assets Current Liabilities Current Assets Cash Accounts Receivable Invento 270,709Accounts Payable 175,903Current Portion of Loan 33,885 336,010 369,896 54,818Total Current Liabilities 501,430 Total Current Assets Long Term Assets Property & Equipment Accumulated Depreciation 2,617,198 Long-Term Liabilities 1,293,307 1,293,307 1,663,202 438,256) Long Term Portion of Loan 2,178,941 Total Long Term Liabilities 2,680,371 Total Liabilities Total Long Term Assets Total Assets Stock Issued (100,000 shares 3,000,000 Retained Earnings Owners Equit Total Liabilities & Equity (1,982,831) 2,680,371 2,178,94:1 1,327,192 1,017,169 697,540

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Can VVG, MSB or PAS stain be used for staining human cerebral tissue? If so, please...

General Management
1.2K views

3. The client of a project has requested the project team to crash 8 hours of...

Advance Math
1.2K views

In 2001, Windsor, Ontario received its maximum amount of sunlight, 15.28 hrs, on June 21, and its...

Geometry
1.2K views

formation is given about AABC Determine if the information gives one triangle two triangles or...

Geometry
1.2K views

12 List the sides for the triangle in order from shortest to longest drawing is...

Basic Math
1.2K views

21 Distance between Two Ships A ship leaves its home port and sails on a...

Accounting
1.2K views

Required information The following information applies to the questions displayed below.)...

Accounting
1.2K views

What are ratios used to measure a companys ability to make its debt payments called?

Accounting
1.2K views

On October 1, Year 6, Versatile Company contracted to sell merchandise to a customer in...

Accounting
1.2K views

La cpsula de ilustracin 5.1 analiza la posicin de bajo costo de Amazon en la...

Accounting
1.2K views

Mary exchanged an office building used in her business for some land. Mary originally purchased...

Accounting
1.2K views

Aerobic Town and Total Fitness reported the following results for 2019: Aerobic...