Doughnut Company shows $130,000 worth of assets on its December 31, 2009, balance sheet. If the companys
Question:
Doughnut Company shows $130,000 worth of assets on its December 31, 2009, balance sheet. If the company’s total liabilities are $55,800, what is the amount of owners’ equity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (20 reviews)
Assets Liabil...View the full answer
Answered By
Amit Choudhary
I'm new in this profession regarding online teaching but previously i used to teach students near my college. I am teaching on online platform since last year and got good support from the students. I'm teaching on platforms like chegg and vedantu and also at my home in free time.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Question Posted:
Students also viewed these Accounting questions
-
Breck Company shows $180,000 worth of assets on its December 31, 2011, balance sheet. If the companys total liabilities are $103,200, what is the amount of owners equity?
-
Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: Characteristic Value Annual gross income $24,000 TDS 20% Relations with...
-
Company S has 4,000 shares outstanding and a total stockholders equity of $200,000. It is about to issue 6,000 new shares to the prospective parent company. The shares will be sold for a total of...
-
The core problem of a command-and-control approach to environmental policy is its inherent bias or tendency to standard-setting practice that is uniformly applicable to all situations. For example,...
-
Create a scatter plot of the following number of hours 12 students spend playing computer games per day and their academic average (in percentage). Student # Hours Playing Computer Games Academic...
-
You have $25,000 you want to invest for the next 40 years. You are offered an investment plan that will pay you 6 percent per year for the next 20 years and 10 percent per year for the last 20 years....
-
What is a perceptual map?
-
On January 31, 2014, Trapp Logistics, Inc., issued five-year, 3.5% bonds payable with a face value of $6,000,000. The bonds were issued at 96 and pay interest on January 31 and July 31. Trapp...
-
How many solutions to IRR are possible with the following cash flow? CF0:-700,000; CF1: +40,000; CF2: -71,000; CF3:-12,000; CF4: +1,200,000 None are possible 1, and it's 13.3\% 2 3 4
-
Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. Direct costs Normal activity: Required: Support Departments...
-
Classify the items listed (1 to 6) under the following balance sheet headings: A - Assets L - Liabilities SE - Shareholders equity 1. ....... Cash 2. ....... Common stock 3. ....... Equipment 4....
-
Given the following items on Tiffany Restoration Companys June 30, 2009, balance sheet, how much did the company owe its creditors on June 30,2009? $1,725 Liabilities Cash Inventory Equipment Other...
-
Ratio Analysis} Bari Sports' net sales, average net trade accounts receivable, and net income were \(\$ 7,300,000\), CORNERSTONE 5.5 \(\$ 842,000\), and \(\$ 390,000\), respectively....
-
Imagine that you are faced with three alternative projects, each of which costs $1 Million (M). Assuming the discount rate of 10 percent and efficiency is your only criterion, which one of these...
-
imagine that you are the Hotel General Manager of a hotel that you helped to design. Answer the following questions: Your role as the Hotel General Manager As the Hotel General Manager, describe your...
-
What types of problems may a multinational corporation face? What inconsistencies may multinational corporations face as a result of differences in cultures and values? What practices pose ethical...
-
What is a view? What is a viewpoint? What is a visualization? How do they come together to help communicate a model to the stakeholders?
-
A spray dryer receives distillers dried grains (DDGS) with a 65% moisture content. The spray dryer operates with dry air entering at 180 C, 1 bar, and moist air exits at 87 C, 1 bar, and 25% relative...
-
The Garcia Corp. is a real estate developer. In Year 1, it sold a house to Michael Sukul for $200,000, in return for five yearly installments of $40,000 each, plus interest. The first installment was...
-
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
-
How do we deal with issuance costs and security mispricing costs in our assessment of a projects value?
-
Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.
-
Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.
-
Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.
-
Discuss American History
-
Your firm has developed a new lithium ion battery polymer that could enhance the performance of lithion ion batteries. These batteries have applications in many markets including cellphones, laptops,...
-
Need help analyzing statistical data 1. ANOVA) True or false: If we assume a 95% confidence level, there is a significant difference in performance generally across all groups. 2. (t-test) True or...
Study smarter with the SolutionInn App