Determine the Missing Amount "X" for Each of the Following

question 64

Short Answer

Determine the missing amount "X" for each of the following:
$\begin{array}{|l|l|l|}\hline \text { Assets } & \text { Liabilities } & \text { Shareholders' Equity } \\\hline \text { a. } \$ 85,700 & \$ 40,000 & \mathrm{X} \\\hline \text { b. } \mathrm{X} & \$ 66,570 & \$ 145,000 \\\hline \text { c. } \$ 57,900 & \mathrm{X} & \$ 34,000 \\\hline\end{array}$

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Definitions:

Unilateral Transfer

A one-way transaction where a country provides resources, goods, or money to another country without expecting anything in return.

Foreign Aid

An international transfer made on especially favorable terms for the purpose of promoting economic development.

Domestic Charities

Organizations within a country that are established for philanthropic reasons, focusing on local or national issues and causes.

Unilateral Transfers

transactions in which something of economic value is provided by one party to another without receiving anything in exchange, such as foreign aid or remittances.