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Using the expanded accounting​ equation, solve for the missing amount. Assets $85,410 Liabilities 1,760 Common Stock ? Dividends 16,750 Revenues 50,265 Expenses 24,675 Begin by selecting the formula for the expanded accounting equation. Then enter the amounts to solve for the missing amount. ▼ = + - + -

Respuesta :

Answer: Common stock = $74810

Explanation:

The expanded  Accounting Equation is an accounting equation that places more emphasise on the on the owners equity amount by showing separately how each transaction affects owners equity amount.

Assets= liabilities + Capital+ revenue - expenses - dividends

85410 = 1760 + common stock + 50265 - 24675 - 16750

Common stock = 24675 + 16750 - 50265 - 1760 + 85410

Common stock = $74810

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