Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Exercises - Page 79: E2-8

Answer

This question test your understanding about the mechanics of balance sheet. Make sure to understand how things move in shareholder's equity statement.

Work Step by Step

(W-1) Total Debt Total liabilities and equity 51,480 Less: Shareholder's equity 43,500 Total debt 7,980
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