1 A company began the year with Assets of $200,000, Liabilities of $40,000 and Stockholders' equity of $160,000 During the year Assets increased $110,000 and stockholders' equity increased $50,000 What was the change in Liabilities for the year Answer 2 At the end of last year, the company's assets totaled $1,720,000 and its liabilities totaled $1,480,000 During the current year, the company's total assets increased by $120,000 and its total liabilities increased by $48,000 At the end of the current year, stockholders' equity was Answer 3 A company began the year with assets of $200,000 and liabilities of $150,000 During the year assets increased by $120,000 and liabilities decreased by $20,000 What is the amount of stockholders equity at the beginning of the year What was the amount of change in stockholders equity during the year 4 The ending retained earnings balance of Max's Italian Restaurant chain increased by $9 5 million from the beginning of the year The company had declared a dividend of $2 5 million during the year What was the net income earned during the year Net income

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Posted on Aug 03, 2024

1 A company began the year with Assets of $200,000, Liabilities of $40,000 and Stockholders' equity of $160,000. During the year Assets increased $110,000 and

A company began the year with Assets of $200,000, Liabilities of $40,000 and Stockholders' equity of $160,000. During the year Assets increased $110,000 and stockholders' equity increased $50,000. What was the change in Liabilities for the year?

Answer__________________

At the end of last year, the company's assets totaled $1,720,000 and its liabilities totaled $1,480,000. During the current year, the company's total assets increased by $120,000 and its total liabilities increased by $48,000. At the end of the current year, stockholders' equity was

Answer__________________

3	A company began the year with assets of $200,000 and liabilities of $150,000. During the year assets increased by $120,000 and liabilities decreased by $20,000.

What is the amount of stockholders equity at the beginning of the year?

__________________

What was the amount of change in stockholders equity during the year?

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4 The ending retained earnings balance of Max's Italian Restaurant chain increased by $9.5 million from the beginning of the year. The company had declared a dividend of $2.5 million during the year. What was the net income earned during the year?

Net income________________