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At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $10.100 and liabilities of $5,700. During the year, liabilities decreased
At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $10.100 and liabilities of $5,700. During the year, liabilities decreased by $800. Net income for the year was $3,000, and net assets at the end of the year were $5,100. There were no changes in paid-in capital during the year Calculate the dividends, if any, declared during the year. (Negative amounts should be indicated by a minus sign.) Assets Liabilities PIC RE Beginning:10,100S 5,700+S Changes 800) Ending
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