Question: The right answer is displayed but I cannot get the right answer.. (b) The total assets of Splish Brothers Inc. are $59,000. Common stock account

The right answer is displayed but I cannot get the right

The right answer is displayed but I cannot get the right answer..

(b) The total assets of Splish Brothers Inc. are $59,000. Common stock account is $16,000: dividends are $8,000; revenues, $52.000; and expenses $31.500. What is the amount of the company's total liabilities? Total liabilities $ 30,500

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!

Hi, I attached a copy of the problem and the answer I have so far. I am missing a few parts that I can't seem to figure out in my answer. The question is: Make a budgeted schedule of cost of goods...

Please do all parts and show the work! (what functions did you use, how did you get there, why, etc.) Thank you so much! Project To Do List: Overall you will be calculating the ratios in Chapter 4 of...

Please do all parts and show your work (how did you get it), thank you so much! Project To Do List: Overall you will be calculating the ratios in Chapter 4 of the book except for Market Value ratios...

Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...

I have been able to get some parts answered but all the yellow blanks left I'm still struggling with 58 v : XV fx B C D E F G H K L M During October, its 7th month of business, Karry no Key, Inc.:...

Complete the following additional paragraph items: 1 ? 5 Please also examine the bullets on requirements to add that may pertain to these paragraphs. State any assumptions you are making in a...

Free Cash Flow Calculation: Calculate each company's Free Cash Flow for each of the last 4 fiscal years. Use a tax rate of 25% and use the depreciation and amortization from the Cash Flow statement....

Complete the following additional paragraph items: 1 ? 5 Please also examine the bullets on requirements to add that may pertain to these paragraphs. State any assumptions you are making in a...

True/False Indicate whether the statement is true or false. ____ 1. In accounting, to value means to record a transaction or event. ____ 2. The recognition issue deals with when a business...

Part I you are asked to use the introductory sentence about the tax payer and complete paragraph items 14 and 16. You will also use item 18 for needed Social Security numbers. Do not do additional...

Recently Santa Fe, New Mexico, was named one of the safest places to live in the United States. Since then, housing development projects have been springing up all around Santa Fe. Six housing...

A rectangular piece of cardboard, 40 in. long by in. wide is used for making a rectangular box (open top) by cutting out squares of x by x from the corners and folding up the sides. (a) Create a...

Please walk me through the math: Amy is evaluating the cash flow consequences of organizing her business entity SHO as an LLC ( taxed as a sole proprietorship ) , an S corporation, or a C...

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

=+Whenever you see a message that uses language like Listen up, We see

=+ Look for consistency in language and graphics. Does the website reflect the campaign images and tone of voice?

=+The kinesthetic person will make comments like Feels good to me, I have a handle on it, and I need to wrap my brain around it. These are the people who kick the tires and have to feel the interior...