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What is the balance of split co shareholders equity account

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Reference no: EM132472061

At the beginning of 20x6, Split Co.'s shareholders' equity had a balance of $52562 and liabilities were equal to $18873. During the year 20x6, assets increased by $20393 and liabilities decreased by $9057.

Question 1: At the end of 20x6, what is the balance of Split Co.'s shareholders' equity account?

Select one:

a. $63898

b. $23112

c. $11336

d. $82012

Question 2: PF Co. began business on January 1, 20x10. Below are the transactions that took place during the company's first month of business:

  • Jan. 1 The owner invested $68544 in return for 6212 common shares.
  • Jan. 5 Purchased equipment costing $10312. $4099 was paid immediately and the remainder is due within 60 days.
  • Jan. 9 Purchased land for $24700 cash.
  • Jan. 15 Secured a $41302 loan from its bank.
  • Jan. 20 Another investor purchased 2416 shares of the company for $19921.

Question 3: What is PF Co.'s shareholders equity balance at the end of January?

Select one:

a. $8628

b. $88465

c. $19921

d. $68544

Reference no: EM132472061

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