Question
Question text At the beginning of 20x6, Split Co.s shareholders equity had a balance of $52562 and liabilities were equal to $18873. During the year
Question text At the beginning of 20x6, Split Co.s shareholders equity had a balance of $52562 and liabilities were equal to $18873. During the year 20x6, assets increased by $20393 and liabilities decreased by $9057. At the end of 20x6, what is the balance of Split Co.s shareholders equity account? Select one: a. $63898 b. $23112 c. $11336 d. $82012
Question text PF Co. began business on January 1, 20x10. Below are the transactions that took place during the companys first month of business:
Jan. 1 The owner invested $68544 in return for 6212 common shares. Jan. 5 Purchased equipment costing $10312. $4099 was paid immediately and the remainder is due within 60 days. Jan. 9 Purchased land for $24700 cash. Jan. 15 Secured a $41302 loan from its bank. Jan. 20 Another investor purchased 2416 shares of the company for $19921.
What is PF Co.s shareholders equity balance at the end of January?
Select one: a. $8628 b. $88465 c. $19921 d. $68544
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