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8 August, 01:25

Using the expanded accounting equation, solve for the missing amount. Assets $85,410 Liabilities 1,760 Common Stock? Dividends 16,750 Revenues 50,265 Expenses 24,675 Begin by selecting the formula for the expanded accounting equation. Then enter the amounts to solve for the missing amount. ▼ = + - + -

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  1. 8 August, 04:29
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    Answer: Common stock = $74810

    Explanation:

    The expanded Accounting Equation is an accounting equation that places more emphasise on the on the owners equity amount by showing separately how each transaction affects owners equity amount.

    Assets = liabilities + Capital + revenue - expenses - dividends

    85410 = 1760 + common stock + 50265 - 24675 - 16750

    Common stock = 24675 + 16750 - 50265 - 1760 + 85410

    Common stock = $74810
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Home » Business » Using the expanded accounting equation, solve for the missing amount. Assets $85,410 Liabilities 1,760 Common Stock? Dividends 16,750 Revenues 50,265 Expenses 24,675 Begin by selecting the formula for the expanded accounting equation.
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