Question
At the beginning of the year Hellena Ltd. had total assets of $536,000 and total equity of $322,000. By the end of the year Hellena
At the beginning of the year Hellena Ltd. had total assets of $536,000 and total equity of $322,000.
By the end of the year Hellena had total assets of $505,000 and total liabilities of $120,000.
During the year the business had new contributions by the owners of $22,000, expenses of $452,000, and revenues of $511,000.
Solve for all the unknown numbers and answer the following questions.
Question 9 (2 points)
Question 9 options:
What was the amount of dividends paid during the year?
Enter your answer as a NEGATIVE NUMBER.
For example, if your answer is $900 of dividends were paid, enter -900
Question 10 (2 points)
Question 10 options:
What was the company's beginning total liabilities?
Question 11 (2 points)
Question 11 options:
What was the change in liabilities during the year?
If your answer is a decrease in liabilities, enter your answer as a negative number.
For example, if your answer is a decrease of $1,000, enter -1000
Question 12 (2 points)
Question 12 options:
What was the company's profit for the period?
Question 13 (2 points)
Question 13 options:
What was the company's ending equity?
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