Martin Blair Is the Owner and Operator of Martin Consultants

question 109

Essay

Martin Blair is the owner and operator of Martin Consultants. At December 31 of the current year, Martin Consultants has assets of $430,000 and liabilities of $205,000. Using the accounting equation and considering each case independently, determine the following:?
(a) Martin Blair, capital, as of December 31.
(b) Martin Blair, capital, as of December 31 of the next year, assuming that assets increased by $12,000and liabilities increased by $15,000.
(c) Martin Blair, capital, as of December 31 of the next year, assuming that assets decreased by $8,000and liabilities increased by $14,000.

---

Definitions:

Direct Foreign Investment

An investment by a company into business interests located in another country, often by buying a company or expanding operations on foreign soil.

International Joint Ventures

A business arrangement where two or more parties from different countries establish a new business entity to share resources, risks, and profits.

Patience

The capacity to accept or tolerate delay, problems, or suffering without becoming annoyed or anxious.

Transnational Company

A corporation that operates and delivers products or services across national borders.