Annie Rasmussen, capital, as of December 31, 2019, assuming that assets increased by $96,500 and liabilities increased by $30,000 during 2019.

Question

asked Feb 12, 2020 53.1k views

2 Answers

Cybersam · Answer 1 · 2020-02-18T10:02:30+0000

Answer:

$606, 500

Step-by-step explanation:

Initial Capital = $540,000

Initial Capital + Increase in Assets - Increase in Liabilities

$540,000 + $96,500 - $30,000 = $606,500