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Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question. Nippon Technology Balance Sheet
Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.
Nippon Technology Balance Sheet As of December 31, 2019 (amounts in thousands) | |||
---|---|---|---|
Cash | 3,700 | Liabilities | 2,400 |
Other Assets | 3,900 | Equity | 5,200 |
Total Assets | 7,600 | Total Liabilities & Equity | 7,600 |
Between January 1 and March 31, 2020:
1. Cash increases by $500,000 2. Other Assets increase by $300,000 3. Liabilities decrease by $200,000
What is the value for Equity on March 31, 2020?
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