[Answered] What equation is fundamental to a balance sheet? What will be an ideal ...

This topic contains a solution. Click here to go to the answer

Author Question: What equation is fundamental to a balance sheet? What will be an ideal ... (Read 35 times)

gbarreiro

Hero Member
Posts: 566

on: Jul 21, 2018

What equation is fundamental to a balance sheet?

What will be an ideal response?

Question 2

How is net profit or loss calculated?

What will be an ideal response?

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

Liamb2179

Sr. Member
Posts: 365

Reply #1 on: Jul 21, 2018

Answer to Question 1

The equation for the balance sheet is: assets = net worth liabilities.

Answer to Question 2

Net profit or loss is calculated as gross profit minus total expenses.

gbarreiro

Member
Posts: 566

Reply 2 on: Jul 21, 2018

YES! Correct, THANKS for helping me on my review

AmberC1996

Member
Posts: 317

Reply 3 on: Yesterday

Gracias!

« previous next »

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.