What was the Digby Corporation's common stock?
Answer: Digby Corporation's common stock is $27.631 million.
What were the Digby Corporation's total assets?
Midyear on July 31, the Digby Corporation balance sheet reported: Total Liabilities (a) $127,194,000.00; Cash (b) $10,050,000.00; Total Assets (c) $203,346,000.00; Total Common Stock (d) $6,350,000.00.
What is total asset?
Total assets are the complete accounting of all that a person or business owns and its combined value. Knowing how to determine your total assets can help you make your own financial decisions and learn how valuable your belongings are. Their value is also helpful to know for tax purposes or to plan new investments.
Which mission statement best represents the Digby company?
- Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products.
How is total assets calculated?
Determine total assets by combining your liabilities with your equity. Because liabilities represent a negative value, the simplest method for finding total assets with this formula is to subtract the value of liabilities from the value of equity or assets. The resulting figure equals your total assets.
What is the formula for total liabilities?
Total liability is the sum of long-term and short-term liabilities. They are part of the common accounting equation, assets = liabilities + equity.
What are causes of change in equity?
Equity Increases If the company receives donations of capital from owners or other parties, this also increases total equity. One other common increase in total equity results from an increase in the company's retained earnings.