- work from home online business
- what is equity
I cant figure this out!
Contributed Capital= 11
Dividends= 0
Net Income = 14
Retained Earnings, Begining of Year=23
Retained Earnings, End of Year= 37
Total Assets= ?
Total Expenses=51
Total Libilities=27
Total Revenues=65
What is the Total Assets?
I tried the Assets= Libility+ Stockholders Equity Equation ( 27+11= 16) but that doesnt work. Its the wrong answer. What am I doing wrong? Can someone help me?
Contributed Capital= 11
Dividends= 0
Net Income = 14
Retained Earnings, Begining of Year=23
Retained Earnings, End of Year= 37
Total Assets= ?
Total Expenses=51
Total Libilities=27
Total Revenues=65
What is the Total Assets?
I tried the Assets= Libility+ Stockholders Equity Equation ( 27+11= 16) but that doesnt work. Its the wrong answer. What am I doing wrong? Can someone help me?
Accounting question! PLEASE Help?
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