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Please show me the formula that we use to solve these problems. XYZ Corp. has the following Equity Account Balances at the end of 2014:
Please show me the formula that we use to solve these problems.
XYZ Corp. has the following Equity Account Balances at the end of 2014: Additional Paid-in Capital in Excess of Par = 53, 000, 000. If XYZ was authorized 5,000, 000 shares and has 500,000 Shares Outstanding, what was the per share price of its stock when it was issued? $7.00 $9.00 $6.00 $1.00 ABC had the following account balances at the end of 2014: Cash $10, 000. Accounts Receivable $30,000. Accrued Expenses $5,000, Inventory $35,000. Accounts Payable $22,000. What was ABC's Total Current Liabilities at the end of 2014? XYZ Corp. has the following Balances at the end of 2014: Total Assets = $ 7,500,00, Common Stock = $500,000, Additional Paid-in Capital in Excess of Par = $3,000,000, Ending Retained Earnings = $1,000,000. What was amount of XYZ's Total Liabilities? $1,000,000 $7,500,000 $4,500,000 $3,000,000Step by Step Solution
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