Solution-Determine and calculate equity

Determine and calculate equity

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Reference no: EM132654703

Problem 1: Calculate equity. Cash at bank $3,400; inventory $1,200; accounts receivable $2,500; accounts payable $1,700; loan from ABC bank $3,500.

a) $8,900.
b) $5,300.
c) $1,900.
d) $12,300.

Reference no: EM132654703

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Determine and calculate equity

Reference no: EM132654703

Reference no: EM132654703

Questions Cloud

Reviews

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Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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