Dave Ryan is the owner and operator of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $450,000 and liabilities of $125,000. Using the accounting equation, determine the following amounts: a) Owner's equity as of December 31 of the current year. $fill in the blank 1 b) Owner's equity as of December 31 at the end of the next year, assuming that assets increased by $65,000 and liabilities increased by $35,000 during the year. $fill in the blank 2

Answers

Answer 1

Answer:

325000

355000

Explanation:

Owner's equity formula: assets - liabilities

Question one:

450000-125000= 325000

Question two:

(450000+65000)-(125000+35000)= 355000

Answer 2

a) Stockholders' equity  = $411,690

b) Stockholders' equity = $477,930

Dave Ryan is the owner and operator of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $450,000 and liabilities of $125,000.

What is accounting equation?

Accounting equation is defined as Assets = Liabilities + Equity.  If t the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310, the Stockholders' equity as of December 31 of the current year would be determined as follows:

$632,000 = $220,310 + Equity

Stockholders' equity  = $632,000 - $220,310

Stockholders' equity  = $411,690

If assets increased by $84,040 and liabilities increased by $17,800 during the next year, then Stockholders' equity would be determined as follows $632,000 + $84,040 = $220,310 + $17,800 + Equity

$716,040 = $238,110 + Equity

Stockholders' equity  = $477,930

Owner's equity as of December 31 at the end of the next year, assuming that assets increased by $65,000 and liabilities increased by $35,000 during the year.

Therefore, Dave Ryan is the owner and operator of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $450,000 and liabilities of $125,000.

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Related Questions

Which one of these might appear in evaluation of poem? A. A summary of the authors life B. A presentation of the best tone for a reading of it C. A list of suggested rewrites for lines that do not rhyme D. A discussion of specific u

Answers

Answer: D. A discussion of specific uses of alliteration .

Explanation:

During the evaluation of a poem, the discussion of specific uses of alliteration may appear.

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pa help po
b. pambansang kaunlaran d. gawaing pansarili
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Answers

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22. B

23. C

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Hindi ko po Alan sa 25

pa brainliest po thanks

who is the minister of china?​

Answers

Answer:

Wang Yi

Explanation:

Incumbent-Wang Yi

Hope it helps!!

Answer:

Li Keqiang

Explanation:

The premier is formally approved by the National People's Congress upon the nomination of the president. In practice, the candidate is chosen within the Chinese Communist Party (CCP) through the same process that determines the composition of the CCP Central Politburo.[citation needed] Both the President and the Premier are selected once every five years. The premier is limited to two terms, but the president is not. The premier has always been a member of the powerful Politburo Standing Committee.

The current premier is Li Keqiang, who took office on 15 March 2013. He succeeded Wen Jiabao.

Qué aspecto de la sociedad debemos de cambiar sobre la pobreza?

Answers

please type it in English. I’ll help u I promise

En resumen, para reducir la pobreza, las políticas gubernamentales podrían incluir: Beneficios de bienestar social comprobados para los más pobres de la sociedad; por ejemplo, prestaciones por desempleo, cupones de alimentos, apoyo a los ingresos y vivienda beneficio. Salarios mínimos. Regulación de los mercados laborales, por ejemplo, salarios mínimos legales.

Espero que esto te ayude ❤️

One important characteristic of money is that it must be:
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O B. available in unlimited amounts.
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SUBMIT

Answers

It’s C, mostly by process of elimination.

A is instantly discardable because American dollar bills are not metal.

B is discardable because the opposite is true. Money must be available in limited amounts because scarcity is what gives currency value.

D is instantly discardable because not all countries use the same currency. A US dollar is not a Euro.

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Porque,

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A respeito dessas asserções, assinale a opção correta.

A)
As asserções I e II são proposições verdadeiras, e a II é uma justificativa correta da I.

B)
As asserções I e II são proposições falsas.

C)
As asserções I e II são proposições verdadeiras, mas a II não é uma justificativa correta da I.

D)
A asserção I é uma proposição verdadeira, e a II é uma proposição falsa.

E)
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Answers

Answer:

C)   As asserções I e II são proposições verdadeiras, mas a II não é uma justificativa correta da I.

Explanation:

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A
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Answers

Answer:

e

Explanation:

because we produce carbon dioxide

Answer:

carbon dioxide

Explanation:

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Answers

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