Respuesta :
Answer:
A. Stockholders equity at the end is $493,000.
B. Closing total assets is $865,000.
C. Closing liability is $410,000.
Explanation:
A. Â Closing total assets:
= Opening assets + increase in assets
= $845,000 + $177,000
= $1,022,000
Closing liability:
= Opening liability - Decrease in liability
= $600,000 - $71,000
= $529,000
Closing equity:
= Closing assets - Closing liability
= $1,022,000 - $529,000
= $493,000
B. Â Opening equity:
= Opening assets - Opening liability
= $845,000 - $600,000
= $245,000
Closing assets:
= Opening assets + increase in liability - Decrease in equity
= $845,000 + $92,000 - $72,000
= $865,000
C. Â Closing liability:
= Opening liability - decrease in assets - increase in equity
= $600,000 - $90,000 - $100,000
= $410,000
The solutions for the given question can be obtained through the Accounting Equation. The solutions are as follows:
a. Stakeholder's equity = $4,93,000
b. Assets = $13,65,000
c. Liabilities = $4,10,000
What is Accounting Equation?
An accounting equation or simply a balance sheet equation represents the relationship between the assets, liabilities, and equity of an entity as:
[tex]\rm Assets = Liabilities + Equity[/tex]
On the basis of the accounting equation, the value of equity at the beginning of the year is:
[tex]\begin{aligned} \rm Assets &= Liabilities + Equity\\$8,45,000 &= $6,00,000 + Equity\\Equity &= $8,45,000 - $6,00,000\\Equity &= $2,45,000\end[/tex]
a. Calculation of the equity when assets increased by $177,000 and liabilities decreased by $71,000:
[tex]\begin{aligned} \rm Assets &= Liabilities + Equity\\\$8,45,000 + \$1,77,000 &= (\$6,00,000 - \$71,000) + Equity\\\$10,22,000 &= \$5,29,000 + Equity\\Equity &= \$10,22,000-\$5,29,000 \\Equity &= \$4,93,000\end[/tex]
The value of equity is $4,93,000.
b. Calculation of assets when total liabilities increased by $592,000 and stockholders' equity decreased by $72,000:
[tex]\rm Assets &= Liabilities + Equity\\Assets = (\$6,00,000 +\$5,92,000) + (\$2,45,000 - \$72.000)\\Assets = \$11,92,000 + \$1,73,000\\Assets = \$13,65,000[/tex]
The value of assets is $13,65,000.
c. Calculation of liabilities when total assets decreased by $90,000 and stockholders' equity increased by $100,000:
[tex]\begin{aligned} \rm Assets &=\rm Liabilities + Equity\\\$8,45,000 -\$90,000 &= \rm Liabilities + (\$2,45,000 + \$1,00,000)\\\$7,55,000 &= \rm Liabilities + \$3,45,000\\\rm Liabilities &= \$7,55,000 - \$3,45,000\\\rm Liabilities &= \$4,10,000\end[/tex]
The value of liabilities is $13,65,000
Therefore the solutions to the problem are $4,93,000, $13,65,000, and $13,65,000.
Learn more about the accounting equation here:
https://brainly.com/question/1347011
