affect the basic accounting equation.Cg the words in than(a) Paid cash for janitorial services.(b) Purchased equipment for cash.numeric amounts, what is TSMC's antion at December 31, 2013?BRIEF EXERCISESBE1-1 Presented below is the basic accounting equation (in thousands). Determine themissing amounts.AssetsUse basteequation(LO 6)LiabilitiesEquity(a) ¥8000(b)(c) ¥94,000¥50,000¥45,000¥70,000¥60,000BE1-2 Given the accounting equation, answer each of the following questions.(a) The liabilities of Shumway Company Ltd. are £120,000 and the equity is £232,000,What is the amount of Shumway Company Ltd.'s total assets?(b) The total assets of Shumway Company Ltd. are £190,000 and its equity is £80,000.What is the amount of iIs total liabilities?Cse basic(LO 6)A Blackview A80ProQuad Camerawww.gownloadsede.net

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Answered: BE1-1 Presented below is the basic…

BE1-1 Presented below is the basic accounting equation (in thousands). Determin missing amounts. Assets Liabilities Equity (a) ¥81000 (b) (c) ¥94,000 ¥50,000 ¥45,000 ¥70,000 ¥60,000

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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affect the basic accounting equation.
Cg the words in than
(a) Paid cash for janitorial services.
(b) Purchased equipment for cash.
numeric amounts, what is TSMC's an
tion at December 31, 2013?
BRIEF EXERCISES
BE1-1 Presented below is the basic accounting equation (in thousands). Determine the
missing amounts.
Assets
Use baste
equation
(LO 6)
Liabilities
Equity
(a) ¥8000
(b)
(c) ¥94,000
¥50,000
¥45,000
¥70,000
¥60,000
BE1-2 Given the accounting equation, answer each of the following questions.
(a) The liabilities of Shumway Company Ltd. are £120,000 and the equity is £232,000,
What is the amount of Shumway Company Ltd.'s total assets?
(b) The total assets of Shumway Company Ltd. are £190,000 and its equity is £80,000.
What is the amount of iIs total liabilities?
Cse basic
(LO 6)
A Blackview A80Pro
Quad Camera
www.gownloadsede.net

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