00:01
In this question, you've given three different scenarios affecting the accounting equation.
00:04
First, let's identify the accounting equation.
00:08
It's assets equals liabilities plus equity.
00:15
And i have three different situations that you've given me to analyze.
00:19
The important part is the starting point.
00:22
You gave us that sunland had total assets of 833 ,000 and liabilities of 553 .3.
00:32
That means that the balance in equity starting out had to have been the difference.
00:38
833 ,000 minus 553 ,000.
00:43
That gets me 280 ,000.
00:47
Let's do scenario one.
00:49
You also said that each of these scenarios is independent, so i will erase each scenario after it's complete.
00:55
The first one says if total assets increased 147 ,000 in the year, and liability...