2. Using the accounting equation The following table shows details about some businesses total assets, total liabilities and capital. For each business calculate the missing figure, making use of the accounting equation. Total Assets Capital Total Liabilities = Capital + Liabilities Assets $ $ $ Business A 80,000 Business B 42,000 Business C 57,000 Business D 650,000 Business E Business F 20,000 11,000 24,000 490,000 170,000 20,000 558,000 82,000

2. Using the accounting equation The following table shows details about some businesses total assets, total liabilities and capital. For each business calculate the missing figure, making use of the accounting equation. Total Assets Capital Total Liabilities = Capital + Liabilities Assets $ $ $ Business A 80,000 Business B 42,000 Business C 57,000 Business D 650,000 Business E Business F 20,000 11,000 24,000 490,000 170,000 20,000 558,000 82,000

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Description: 2. Using the accounting equationThe following table shows details about some businessestotal assets, total liabilities and capital. For each businesscalculate the missing figure, making use of the accountingequation.Total Assets Capital Total Liabil

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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