subject
Business, 12.04.2021 21:30 SucMaDongShan

Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $589,060 and liabilities of $186,140. Using the accounting equation and considering each case independently, determine the following amounts: a. Stockholders' equity as of October 31, 20Y2. $fill in the blank 1 b. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $93,070 and liabilities increased by $55,960 during 20Y3. $fill in the blank 2 c. Stockholders' equity as of October 31, 20Y3, assuming that assets decreased by $46,540 and liabilities increased by $16,490 during 20Y3. $fill in the blank 3 d. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $77,760 and liabilities decreased by $29,450 during 20Y3. $fill in the blank 4 e. Net income (or net loss) during 20Y3, assuming that as of October 31, 20Y3, assets were $742,220, liabilities were $120,760, and no additional common stock was issued or dividends paid. $fill in the blank 6\

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 18:30
> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.
Answers: 1
question
Business, 23.06.2019 12:40
On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds of $393,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is:
Answers: 2
question
Business, 23.06.2019 16:00
Ais what customers expect they will get by purchasing a product. a. brand promise b. a tagline c. warranty d. service mindset select the best answer from the choices provided a b c d
Answers: 2
question
Business, 23.06.2019 16:40
One of carl's department employees was severely injured on the job. carl has called in psychological counselors to talk to the other employees and scheduled a series of safety trainings for the department to be completed by the end of the week. he has also asked the hr personnel to talk to the department about the disability insurance that the company offers and make sure that his employees know what is available. carl is using to cope with the stress caused by his employee's injury.
Answers: 2
You know the right answer?
Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its acco...
Questions
question
World Languages, 29.01.2020 06:52