Company Assets = Liabilities + Common Stock − Dividends + Revenues − Expenses 1 $40,000 = $16,000 + $20,000 − $0 + − $8,000 2 $80,000 = $32,000 + $44,000 − + $24,000 − $18,000
Company Assets = Liabilities + Common Stock − Dividends + Revenues − Expenses 1 $40,000 = $16,000 + $20,000 − $0 + − $8,000 2 $80,000 = $32,000 + $44,000 − + $24,000 − $18,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Company | Assets | = | Liabilities | + | Common Stock | − | Dividends | + | Revenues | − | Expenses |
1 | $40,000 | = | $16,000 | + | $20,000 | − | $0 | + | − | $8,000 | |
2 | $80,000 | = | $32,000 | + | $44,000 | − | + | $24,000 | − | $18,000 |
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