Reference no: EM132915138
Annie Rasmussen is the owner and operator of Go44, a motivational consulting business. At the end of its accounting period, December 31, 20Y8, Go44 has assets of $790,000 and liabilities of $170,000.
Using the accounting equation and considering each case independently, determine the following amounts. Round your answers to the nearest dollar.
Problem a. What is Annie Rasmussen capital as of December 31, 20Y8.
Problem b. What is Annie Rasmussen capital as of December 31, 20Y9, assuming that assets increased by $84,500 and liabilities increased by $50,000 during 20Y9.
Problem c. What is Annie Rasmussen capital as of December 31, 20Y9, assuming that assets decreased by $158,000 and liabilities increased by $15,000 during 20Y9.
Problem d. What is Annie Rasmussen capital as of December 31, 20Y9, assuming that assets increased by $165,000 and liabilities decreased by $21,000 during 20Y9.
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