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Expanded Accounting Equation

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For the following four cases, use the expanded accounting equation to compute the missing quantity.

Assets Liabilities Capital Stock Retained Earnings
Case A $20,000 $ 8,000 A $ 3,500

Case B 16,000 B $ 5,000 2,000

Case C C 11,000 14,000 32,000

Case D 46,000 30,000 20,000 D

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Solution Summary

The solution contains computation of missing value by using the expanded accounting equation.

Solution Preview

Case A value of Capital stock (A)= Asset - Liabilities - Retained earnings
= 20000-8000-3500
= 8500
Case B ...

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