Balance SHEET
Tax33
Member Posts: 2 ■□□□□□□□□□
HEY Guys I have understanding the solution of the task perhaps somebody can help me 
Can somebody explain to me how they get in the solution to
Loss on Sales of equipment 3000? How do they calculate that?
Decrease in Accounts Receivable 50,000
Decrease in Inventory 20,000 here: did they calculate : 50000-30000?
Increase in Prepaid Expenses (5,000)
Increase in Accounts Payable 180,000
Decrease in Accrued Liabilities (10,000)
And how to they calculate the other numbers ?
Can somebody explain to me how they get in the solution to
Loss on Sales of equipment 3000? How do they calculate that?
Decrease in Accounts Receivable 50,000
Decrease in Inventory 20,000 here: did they calculate : 50000-30000?
Increase in Prepaid Expenses (5,000)
Increase in Accounts Payable 180,000
Decrease in Accrued Liabilities (10,000)
And how to they calculate the other numbers ?
Comments
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JDMurray
Admin Posts: 13,090 Admin
I think you need to read the investopedia.org articles on financial statements, balance sheet, cash flow statement, and income statement. Lots more great info for the business person and MBA student on that site as well.
