. Determine the missing amount for each of the following:   ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY A. $ = $50,000 + $63,500 B. $85,000 = $ + $20,575 C. $210,000 = $195,200 + $ D. $52,500 = $ + $15,800   A.  B. C.  D.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Q2. Determine the missing amount for each of the following:

 

ASSETS

=

LIABILITIES

+

STOCKHOLDERS’ EQUITY

A.

$

=

$50,000

+

$63,500

B.

$85,000

=

$

+

$20,575

C.

$210,000

=

$195,200

+

$

D.

$52,500

=

$

+

$15,800

 

A. 

B.

C. 

D. 

Expert Solution
Step 1 : Notes
  • Accounting equation is a mathematical equation which shows the relationship between assets , liabilities and owner's equity section of the balance sheet . 
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