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##### ACC/561 ACC 561 ACC561 Week 1 - Individual Assignment - WileyPlus Assignment (A+ Guaranteed!)

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ACC/561 ACC 561 ACC561 Week 1 - Individual Assignment - WileyPlus Assignment (A+ Guaranteed!);Question 1;Indicate which statement you would examine to find each of the following items: income statement, balance sheet, retained earnings statement, or statement of cash flows.;(a);Revenue during the period.;(b);Supplies on hand at the end of the year.;(c);Cash received from issuing new bonds during the period.;(d);Total debts outstanding at the end of the period.;Question 2;Use the basic accounting equation to answer these questions.;(a) The liabilities of Daley Company are $94,280 and the stockholders? equity is $263,800. What is the amount of Daley Company?s total assets?;Total assets$;For part A, add the two numbers.;(b) The total assets of Laven Company are $194,100 and its stockholders? equity is $90,000. What is the amount of its total liabilities?;Total liabilities$;For part B, subtract the smaller number from the larger number.;(c) The total assets of Peterman Co. are $915,200 and its liabilities are equal to one fourth of its total assets. What is the amount of Peterman Co.?s stockholders? equity?;Stockholders? equity$;Multiply total assets by 0.75.

Paper#76560 | Written in 18-Jul-2015

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