Ask Question
31 May, 08:40

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. ▼ = + - + -

+5
Answers (1)
  1. 31 May, 08:49
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Using the expanded accounting equation, solve for the missing amount. Assets $85,410 Liabilities 1,760 Common Stock? Dividends 16,750 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers