Question: On September 3 0 , 2 0 2 2 , Eve has the following assets and liabilities items. What is Eve's personal equity as of

On September 30,2022, Eve has the following assets and liabilities items. What is Eve's personal equity as of September 30,2022?
House: $100,000
Car Loan Payable: $20,000
Credit Card Loan Payable: $4,000
Cars: $30,000
Mortgage Loan Payable: $50,000
A. Equity is ($20,000).
B. Equity is ($4,000).
C. Equity is $56,000.
D. Equity is $36,000.
On September 30,2022, Eve has the following assets and liabilities items.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Journal entries and trial balance Instructions Chart of Accounts Instructions On October 1, 2016. Jay Crowley established Affordable Realty, which completed the following transactions during the...

Q:

please can i get help with this one Expert Q&A Done Please help me with part by Latraction LCreate journal entre for the several Us Enter the transactions shows shovels poemen cons (one To Use the...

Q:

Hello po sir/maam pa help po thank you po!! Answer the numbers: 1 to 8 12 to 17 EXERCISES Assets Use the accounting equation to compute the missing financial statement amount(s). Liabilities Equity...

Q:

E1-1 Types of businesses Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, you may use the...

Q:

Hi! I need help for this assignment, please let me know if WEEK 6 WILEYCPA Ownership of 51% of the outstanding voting stock of a company would usually result in The use of the cost method. The use of...

Q:

1. Cost Concept On February 22, Kountry Repair Service extended an offer of $200,000 for land that had been priced for sale at $250,000. On April 3, Kountry Repair Service accepted the sellers...

Q:

I need help with question 1 (f ) & (g) and question 2 (c) Calculate the proportions of assets financed by debt for years 2017 through 2019. (3 marks) (d) Using the Du Pont System, describe the...

Q:

1. Question 1 Why do we have an allowance for doubtful accounts? 1 point Your answer cannot be more than 10000 characters. 2. Question 2 The Allowance for doubtful accounts is an 1 point Liability...

Q:

AA 5-1 Company Analysis LO C2, A3 Use Apple's financial statements in Appendix A to answer the following. Required: 1. What amount of inventories did Apple report as a current asset (a) on September...

Q:

1. Accounting Equation Determine the missing amount for each of the following: Assets = Liabilities + Owner's Equity a. $ = $178,360 + $557,370 b. $89,180 = $ + $27,870 c. $42,920 = $6,130 + $ 2....

Q:

1. Is character an essential ingredient in ethical leadership? Is it especially important in managers? In leadership, especially among CEOs, is character important? Why? 2. Do you agree with the...

Q:

Predict what the NMR spectrum would look like for each compound. You don't have to say what the specific frequency of each signal is. Circle and label each set of Hydrogen atoms and state what the...

Q:

4. Which INT 21h function would you call if you wanted to make a file read-only?

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...