Ending owner's equity of a business
Not what you're looking for?
2) Determine the ending owner's equity of a business having a beginning owner's equity of$10,227, additional investments of $4,533, withdrawals of $1,210, and revenue of $8,254, and expenses before adjustment amounted to $273. The adjustments totaled $6,291. Explain your answer (in 300 words).
$____________
Purchase this Solution
Solution Summary
These calculations define in and out movement relating to transactions which affect the equity value of a firm.
Solution Preview
Let's just follow this through with the info provided above in a logical manner:
- we begin with equity of $10,227
- to that, we add additional equity in the form of new investments totaling $4533
- now we have $14,760 in total equity
- then we subtract withdrawals of $1210
- resulting in an adjusted balance of $13,550
- ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.