Ballentine Company Ltd. has assets of $100,000, liabilities of $40,000, and shareholders' equity of $60,000. Refer to

Question:

Ballentine Company Ltd. has assets of $100,000, liabilities of $40,000, and shareholders' equity of $60,000. Refer to the basic accounting equation (assets = liabilities + shareholders' equity) to answer each of the following independent questions:
a. At what amount will assets be stated, if total liabilities decrease by $5,000 and shareholders' equity remains constant?
b. Go back to the original data. At what amount will assets be stated, if total liabilities increase by $3,000 and shareholders' equity increases by $4,000?
c. Go back to the original data. At what amount will shareholders' equity be stated, if the company pays $7,000 of its liabilities?
d. Go back to the original data. At what amount will liabilities be stated, if total assets decrease by $7,000 and shareholders' equity increases by $2,000?
e. Go back to the original data. At what amount will shareholders' equity be stated, if the company declares a $ 1,000 but does not pay it?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...