Need Help with this Question please provide Solutions Questions:1.True or false? If total assets of a company equal $16,000 and totalstockholders' equity equals $8,000, then total liabilities equal $24,000.2.If total assets increased by $4,360 and total liabilities decreased by$3,280 during a period of time, then stockholders' equity must havechanged by what amount and direction during that same period?

Answer 1 : We know that, Total assets = Total liabilities + Equity Given that, Assets = $16,000…

Answered: Questions: 1.True or false? If total…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....

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The average liabilities, average stockholders' equity, and average total assets are as follows: 1. Determine the following ratios for both companies, rounding ratios and percentagesto one decimal place: a. Return on total assets b. Return on stockholders' equity c. Times interest earned d. Ratio of total liabilities to stockholders' equity 2. Based on the information in (1), analyze and compare the two companies'solvency and profitability. Comprehensive profitability and solvency analysis Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions): Balance sheet information is as follows:
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000. B. Liabilities exceed equity by $100,000. C. . D. None of the above is true.
If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,202,600 Property, plant, and equipment (net) Liabilities: $173,000 Current liabilities 859,000 Note payable, 6%, due in 15 years $1,032,000 Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $619,200 Common stock, $10 par (no change during year) 619,200 Retained earnings: $660,000 Balance, beginning of year Net income $974,000 314,000 Preferred dividends $24,768 148,400 Common dividends 123,632 Balance, end of year 825,600 Total stockholders' equity $2,064,000 $19,922,100 Sales Interest expense $51,540 Assuming that total assets were $2,941,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.
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If a company has stockholders' equity of $416,000 and total liabilities of $208,000, what is the value of the company's total assets?
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If Mitchell Company has Assets of $5,000,000, Liabilities of $3,000,000, and Retained Earnings of $1,200,000, how much is total Stockholders' Equity?
The beginning and ending balances of shareholders' equity for the year were $150,000 and $210,000, respectively. If dividend distributions during the year were $21,000, how much was net income for the year? Select one: O a. $21,000 net loss b. $39,000 net income c. $60,000 net income. d. $81,000 net income.

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