Question
Assuming the following account balances: Cash $30,000; Equipment $23,000;Accounts Receivable 45,000;Bank Loan 65,000;Supplies 3,000;Accounts Payable 35,000;Land 13,000;Share Capital ?;Building 67,000;Net Income 29,000.No dividends were paid.
Assuming the following account balances: Cash $30,000; Equipment $23,000;Accounts Receivable 45,000;Bank Loan 65,000;Supplies 3,000;Accounts Payable 35,000;Land 13,000;Share Capital ?;Building 67,000;Net Income 29,000.No dividends were paid. Calculate share capital.
a.
$58,000
b.
$100,000
c.
$6,000
d.
$52,000
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
