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Financial Calculations and Concepts

The document contains examples of accounting equations and calculations involving assets, liabilities, owner's equity, revenues and expenses.

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Wepa Akiyew
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71 views1 page

Financial Calculations and Concepts

The document contains examples of accounting equations and calculations involving assets, liabilities, owner's equity, revenues and expenses.

Uploaded by

Wepa Akiyew
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Ex.

1-6
a. $3,930,000 ($556,000 + $3,374,000)
b. $386,200 ($6,111,200 – $5,725,000)
c. $1,337,500 ($2,150,000 – $812,500)

Ex. 1-7

a. $540,000 ($720,000 – $180,000)


b. $606,500 ($540,000 + $96,500 – $30,000)
c. $357,000 ($540,000 – $168,000 – $15,000)
d. $733,000 ($540,000 + $175,000 + $18,000)
e. Net income: $120,000 ($880,000 – $220,000 – $540,000)

Ex. 1-8

a. (1) asset
b. (2) liability
c. (1) asset
d. (3) owner’s equity (revenue)
e. (1) asset
f. (3) owner’s equity (expense)
g. (1) asset

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