# Individual WileyPlus Exercises Essay

Custom Student Mr. Teacher ENG 1001-04 24 May 2016

## Individual WileyPlus Exercises

1. Brief Exercise BE1-7. 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.

2. Brief Exercise BE1-8. Use the basic accounting equation to answer these questions.

(a) The liabilities of Cummings Company are \$90,000 and the stockholders’ equity is \$230,000. What is the amount of Cummings Company’s total assets?

(b) The total assets of Haldeman Company are \$170,000 and its stockholders’ equity is \$90,000. What is the amount of its total liabilities?

(c) The total assets of Dain Co. are \$800,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Dain Co.’s stockholders’ equity?

3. Brief Exercise BE1-9. At the beginning of the year, Fuqua Company had total assets of \$800,000 and total liabilities of \$500,000.

(a) If total assets increased \$150,000 during the year and total liabilities decreased \$80,000, what is the amount of stockholders’ equity at the end of the year?

(b) During the year, total liabilities increased \$100,000 and stockholders’ equity decreased \$70,000. What is the amount of total assets at the end of the year.

(c) If total assets decreased \$90,000 and stockholders’ equity increased

A

• Subject:

• University/College: University of Arkansas System

• Type of paper: Thesis/Dissertation Chapter

• Date: 24 May 2016

• Words:

• Pages:

Let us write you a custom essay sample on Individual WileyPlus Exercises

for only \$16.38 \$13.9/page