Below
is balance sheet information for five independent situations. Calculate the
answer to each.
1. A company reports total assets of $2,000 and total liabilities of $900. What is the amount of stockholders' equity?
2. A company reports total liabilities of $2,400 and stockholders' equity of $1,100. What is the amount of total assets?
3. A company reports total assets of $2,700 and total stockholders' equity of $700. What is the amount of total liabilities?
4. A company reports an increase in assets of $1,700 and an increase in liabilities of $400. What is the amount of the change in stockholders' equity?
5. A company reports an increase in liabilities of $300 and a decrease in stockholders' equity of $800. What is the amount of the change in total assets?
1. A company reports total assets of $2,000 and total liabilities of $900. What is the amount of stockholders' equity?
2. A company reports total liabilities of $2,400 and stockholders' equity of $1,100. What is the amount of total assets?
3. A company reports total assets of $2,700 and total stockholders' equity of $700. What is the amount of total liabilities?
4. A company reports an increase in assets of $1,700 and an increase in liabilities of $400. What is the amount of the change in stockholders' equity?
5. A company reports an increase in liabilities of $300 and a decrease in stockholders' equity of $800. What is the amount of the change in total assets?
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