Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume the total assets equal $800000 and the tota

assume the total assets equal $800000 and the total liabilities equal $500000 at the end...

50.1K

Verified Solution

Question

Accounting

assume the total assets equal $800000 and the total liabilities equal $500000 at the end of 2015. During 2016, the total assets decreased by 10% and total owner equity increased by 20%, what is the total amount of liabilities at the end of 2016?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

8 Oaken left his house and went for a jog After a little while he...

Basic Math
Q

14. Softswift, a software developer, is trying to determine if any of three potential subcontractors has...

Basic Math
Q

PHYLUM ANNELIDA :Compare and contrast Oligochaeta, Polychaeta and Hirudinea. What traits do they share (as annelids)...

Biology
Q

What are some of the ecosystem functions that were lost in the Pleistocene that rewilding might...

Biology
Q

How many gross and net molecules of ATP will one get from complete oxidation of a...

Biology
Q

Describe the criteria of Rankine and Coulomb migration, discuss the similarities and differences.

Civil Engineering
Q

Problem 7.6A. Unmatched Elegance Gift Shop sells cards, supplies, and various holiday greeting cards. Sales to retail...

Advance Math
Q

Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company for...

Accounting
Q

SDSNONE OF THESEcolors proteins for visualization.ALL OF THESEreduces disulfide bonds.denatures proteins

Biology
Q

2 Q If sin x cos y what must be true about x and y...

Geometry
Q

Had posted these earlier but for some reason didnt fully post not sure what went...

Accounting
Q

Mark Bautista needs $30,000 in 8 years. Click here to view factor tables. What amount...

Accounting