Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 1, abx company's assets are $100,000 and

On March 1, ABX Company's assets are $100,000 and its liabilitles are $30,000. On March...

70.2K

Verified Solution

Question

Accounting

image
On March 1, ABX Company's assets are $100,000 and its liabilitles are $30,000. On March 5,ABX is fined $15,000 for failing emission standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of equity for ABX

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The product offers life protection, savings and even has investment component. Even though it runs for...

Finance
Q

Respond to all of the following questions in your posting for this week: Describe the characteristics of...

Basic Math
Q

A critical section problem can be solved by satisfying which of the following condition, a. Mutual Exclusion b....

Programming
Q

A cylindrical pressure vessel is subjected to an internal pressure of 350psi. The initial dimensions of the...

Mechanical Engineering
Q

Why does college education keep getting more expensive? If you were in a position to make...

Economics
Q

8 Which of the following pairs of functions are inverse functions Of x x g...

Algebra
Q

Primare Corporation has provided the following data concerning last month's manufacturing operations. Required: 1. Prepare...

Accounting
Q

Logan Company can sell all of the standard and premier products they can produce, but...

Accounting
Q

1. What is the most profitable cotton yield if the price is 80 cents per...

Accounting
Q

Comet Company accumulated the following account information for the year: Direct materials cost $ 6,100...

Accounting
Q

please help asap The City of Cinnamon Hill...

Accounting
Q

Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on...

Accounting