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At the beginning of the year Tallie Ltd. had total assets of $528,000 and total liabilities of $273,000. During the year Tallie had paid dividends
At the beginning of the year Tallie Ltd. had total assets of $528,000 and total liabilities of $273,000. During the year Tallie had paid dividends of $17,000, collected new contributions by owners of $19,000 and earned revenues of $396,000. At the end of the year Tallie has total assets of $491,000 and total equity of $329,000. Solve for all the unknown numbers and answer the following questions. Question 58 (2 points) 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 A/ Question 59 (2 points) What was the company's profit for the period
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