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The balance sheet as of December 31,202 contained the following: Throughout the year, assets increased by $84,004, liabilities increased by $48,303, and paid-in capital remained
The balance sheet as of December 31,202 contained the following: Throughout the year, assets increased by $84,004, liabilities increased by $48,303, and paid-in capital remained the same. What should be the balance for Retained Earnings for December 31, 20x3? Question 10 1 pts Suppose in year two the company plans to grow assets by 64%, liabilities are limited to 30% of assets, expected net income is 9,525 , and dividends are $1,362. How much ADDITIONAL stock will the company need to raise? The next five questions are based on the following information: The following information was found on the financial statements of XYZCo. Suppose the company plans to grow assets by 20%, liabilities are limited to 50% of assets, expected net income is $150,000, and dividends are $75,000. Calculate the following projections for 202. What will be the projected assets for XYZC Co. in 202? The following information is found on the financial statements of XYZ Co. Assume XYZ Co. had $100,000 in retained earnings at the end of 200. Suppose the company plans to grow assets by 20%, liabilities are limited to 50% of assets, expected net income is $150,000, and dividends are $75,000. Calculate the following projections for 202. What will be the projected liabilities for XYZC. in 202
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