During 2022, the assets of Innovative Solutions increased by $67,000, and the liabilities decreased by $13,000. If the owner's equity in Innovative Solutions is $180,000 at the end of 2022, the owner's equity at the beginning of 2022 must have been __.
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During 2022, the assets of Innovative Solutions increased by $67,000, and the liabilities decreased by $13,000. If the owner's equity in Innovative Solutions is $180,000 at the end of 2022, the owner's equity at the beginning of 2022 must have been __.
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- Please show your work and explain how you got your answers.How much working capital does Airbnb have for the year 2024? Discuss the components of working capital and calculations. What is the amount of the total assets that Airbnb reported for the year 2024? List the assets included. What is the amount of the total liabilities that tAirbnb reported for the year 2024? List the liabilities included.Elliott has the following capital gain and loss transactions for 2020.
- Harrison Corporation generates capital gains/(losses) of $30,000, $2,000, ($40,000) in 2017, 2018, and 2019, respectively. Harrison started operating in 2017. What is Harrison’s capital loss carryforward into 2020?Paolo Corp generated the following income/(loss) since it's inception in 2017: YearIncome/(loss) 2017 (5,000) 2018 7,000 2019 14,000 2020 (20,000) If Paolo generates $4,000 of income in 2021, what is the NOL carryforward to 2022? a.$3,200 b.$20,000 c.$800 d.$0 e.$4,000If Net Working Capital Current Assets - Current Liabilities, what is Kelley Corp's net working capital for the year ending December 31, 2023, given the following account balances? Accounts Receivable: $40 Equipment: $20 Accumulated Depreciation: $10 Patent: $50 Inventory: $15 Accounts payable: $30 Goodwill: $65 Long-term note payable: $70 =
- For each of the following cases, determine the amount of capital gain or loss to report in each year (after taking into account any applicable carrybacks) and the capital loss carryforward to 2022, if any. Capital gain or loss for year indicated 2018 Corporation A 2016 2017 B $ 4,800 6,600 $ 6,690 3,160 $ (10,100) 2019 $ 8,620 C 6,550 12,850 3,550 (3,650) 4,150 2020 $ 6,800 (25,130) 2021 $ (1,970) 2,770 2,710 (57,150) 9,650 3,770 12,200 (26,980) 11,400 10,500 2,630 Assume that 2016 is the first year of operation for each corporation. Note: Do not leave cells blank, enter "O" if there is no effect. Reported capital gains Corporation 2016 2017 2018 2019 2020 2021 AB C D Carried forward capital losses 2022Jones Corp. had a total asset turnover of 4.0 in 2019 and had sales of $10.0 million. If the corresponding statement of financial position or balance sheet reported shareholders’ equity of $1.4 million, what were the total liabilities for Jones Corp.?Class-One Limited’s 2022 balance sheet showed current assets of $6,400and current Liabilities of $3,380. The 2023, balance sheet showscurrent assets of $10,250 and current Liabilities of $7,010. Whatwas the company’s change in net working capital between 2022 and 2023?