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PLEASE ANSWER ASAP At the beginning of the year Hellena Ltd. had total assets of $536,000 and total equity of $322,000. By the end of
PLEASE ANSWER ASAP
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 45 (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 46 (2 points) What was the company's beginning total liabilities? A Question 47 (2 points) 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 48 (2 points) What was the company's ending equity? A/ Question 49 (2 points) What was the company's profit for the period? A/Step by Step Solution
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