User Account

All Pages

What is owners equity at the end of the period

Assignment Help Financial Accounting
Reference no: EM133012279

Problem 1: Total assets and total liabilities were $300,000 and $90,000 at the beginning of the period. Assets increased 30% and liabilities increased 40; during the period. What is owners' equity at the end of the period?

A. $84,000

B. $96,000

C. $210,000

D. $264,000

E. $336,000

Reference no: EM133012279

Questions Cloud

Identify the type of audit opinion required : Identify the type of audit opinion required. You are the auditor of Trumps Weapons Ltd, a large consolidated entity with major operations in the Middle East.
How much the fixed asset value is restated on december : How much the fixed asset value is restated on December 31, 2020. Haye company operates in the country which in 2020 will be declared in hyperinflation condition
Defining what type of data the system is used to organize : Defining what type of data the system is used to organize. For example, the Dewey Decimal system is a way of organizing books in a library.
What is owners equity at the beginning of the period : What is owners' equity at the beginning of the period? Total assets and total owners' equity are $120,000 and $91,000 at the end of the period.
What is owners equity at the end of the period : What is owners' equity at the end of the period? Total assets and total liabilities were $300,000 and $90,000 at the beginning of the period.
What should be done with the amount recorded in encumbrance : What should be done with the amount recorded in the encumbrance control account? The City of Charlestown booked an estimated encumbrance
What are current assets and current liabilities : The current ratio is 4 and working capital is $120,000 at the end of the present year for Rome Company. What are current assets and current liabilities, respect
What is retained earnings at the end of year two : Company earned $56,000 of net income and declared $9,000 of dividends and paid $8,250 ofdividends. What is retained earnings at the end of Year Two?
What is beginning cash : Cash from investing activities increased $67,000. Cash from financing activities increased $23,000. Ending cash is $200,000. What is beginning cash?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the maturity value of the note

Megan MacLaren, promise to pay Concord, Inc., $900, 90 days from date, at 14 percent interest.

  Compute labor rate variance for the year for duo company

Prepare an Excel spreadsheet that can be used to compute for Duo Co. the following: Expected total cost for the year to process 1,200,000 papers, assuming standard performance and Labor rate variance for the year.

  Considering capital budgeting project

XYZ Corporation is considering a capital budgeting project that would require an initial investment of $440,000 and working capital of $32,000. The investment would generate annual cash inflows of $147,000 for the life of the project. At the end of t..

  What is the value of the investment today

You will be receiving a payment of $5,000 in three years. You feel an 8% required rate of return is appropriate. What is the value of this investment today?

  What were the average operating assets

The Fulmar Division of Jayne Manufacturing had an ROI of 25% when sales were $3 million and controllable margin was $600,000. What were the average operating assets?

  General fund operating budget and operating transactions

Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30, 2017. Calculate and show in good form the amount of available appropriation in ..

  How characteristics may be applied to accounting for ppe

Illustrate with examples how each of the concept/assumptions/qualitative characteristics above may be applied to accounting for PPE.

  What is the price of the bond now

What is the price of the bond now? (Assume semiannual coupon payments.) (Do not round intermediate calculations. Round your answer)

  The accounting rate of return uses cash flows in calculation

Capital budgeting decisions are not affected by return on investment considerations. The time value of money concept works on the principle that a dollar today is worth more than a dollar tomorrow. The accounting rate of return uses cash flows in its..

  Prepare the adjusting entry at March

Prepare the adjusting entry at March 31, 2022, to record revenue to be recognized in the first quarter of 2022

  Compute the missing value ie N or PMT

7% compounded monthly is to be repaid by equal payments at the end of each month for six months. Compute the missing value (N or PMT).

  How does a reduction on the joint cost of production

How does a reduction on the joint cost of production from $50,000 to $30,000 influences the decision whether to process further the juice

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd