Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

5 As of April 30, 2017, Marcus Tools has assets of $110,000, and liabilities of $62,000. How much is the owner's equity ?for Marcus Tools

5 As of April 30, 2017, Marcus Tools has assets of $110,000, and liabilities of $62,000. How much is the owner's equity ?for Marcus Tools as of April 30, 2017 200 $172,000 $62,000 110,000 .$48.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of External Auditing

Authors: Brenda Porter, Jon Simon, David Hatherly

1st Edition

0471962120, 978-0471962120

More Books

Students also viewed these Accounting questions

Question

★★★★★

Oakeson Company is a manufacturing firm. Work-in-process and finished goods inventories for December 31, 2013, and December 31, 2012, follow: _______________________________________________Dec. 31,...

Answered: 1 week ago

Question

★★★★★

LO.4 Orange and Rust have both been in business for approximately nine years. Each corporation has 14 shareholders and taxable income of about $350,000 per year. Neither corporation has made any...

Answered: 1 week ago

Question

★★★★★

4. Provide some clarification of differences and similarities among the following terms: acute exercise, chronic exercise, aerobic exercise, anaerobic exercise, resistance exercise. Discuss these...

Answered: 1 week ago

Question

★★★★★

Mercedes Products Inc. has its factory divided into three departments, with individual factory overhead rates for each department. In each department, all the operations are sufficiently alike for...

Answered: 1 week ago

Question

★★★★★

The mortgage industry in the United States is broken into two parts. There is the Primary Market and the Secondary Market. Why are there two markets? What purpose is served by having two markets? Who...

Answered: 1 week ago

Question

★★★★★

Rodriguez Company pays $394,875 for real estate with land, land improvements, and a building. Land is appraised at $189,000; land improvements are appraised at $63,000; and the building is appraised...

Answered: 1 week ago

Question

★★★★★

(i) (ii) (iii) Delphine & Co. is a law firm which had been operating for the past 20 years. The firm has over 200 active clients, mainly commercial organisations, and the clientele is still growing....

Answered: 1 week ago

Question

★★★★★

Share which technologies (e-learning, simulation, virtual reality, podcasts, etc.) most appeal to you. Explain why they appeal to you.

Answered: 1 week ago

Question

★★★★★

Imagine your boss wants to engage you to do extra work for the next few weeks on a special project of hers but she doesn't have additional budget to pay you. What kind of recognition or non-monetary...

Answered: 1 week ago

Question

★★★★★

A hotel find out that a famous hollywood celebrity will be staying for a vew days. security for the celebrity informs the hotel that there is a mentally unstable man who is stalkinh her and they are...

Answered: 1 week ago

Question

★★★★★

Determine the most likely bases for differentiated product or service offerings of Brookdale University Hospital Medical Center

Answered: 1 week ago

Question

★★★★★

changes in the relative importance of various functions: production was slimmed, with a shift towards quality, reliability and differentiation; purchasing was slimmed as it is easier to handle...

Answered: 1 week ago

Question

★★★★★

a reduction in the workforce of enterprises which were deemed as overmanned, with an emphasis on efficiency and productivity; this had an impact on lower absenteeism and better work discipline;

Answered: 1 week ago

Question

★★★★★

economic policy which was socially directed and concerned with the good of society rather than the optimization of the economy;

Answered: 1 week ago

Previous Question Next Question