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At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $13,100 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 $13,100 and liabilities of $5,700. During the year, liabilities decreased by $1,500. Net income for the year was $3,500, and net assets at the end of the year were $8,700. There were no changes in paid-in capital during the year Required: Calculate the dividends, it any, declared during the year. (Negative amounts should be Indicated by a minus sign) Stockholders Equity Assets LiabilitiesPIC RE Beginning 13,100 5,700 Changes 1,500)1 Ending
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