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Use the starting balance sheet, income statement, and the list of changes to answer the question. Torche Corporation Balance Sheet As of December 31, 2018
Use the starting balance sheet, income statement, and the list of changes to answer the question.
Torche Corporation Balance Sheet As of December 31, 2018 (amounts in thousands) | |||
---|---|---|---|
Cash | 30,000 | Liabilities | 33,000 |
Other Assets | 24,000 | Equity | 21,000 |
Total Assets | 54,000 | Total Liabilities & Equity | 54,000 |
Torche Corporation Income Statement January 1 to March 31, 2019 (amounts in thousands) | |
---|---|
Revenue | 4,900 |
Expenses | 3,600 |
Net Income | 1,300 |
Between January 1 and March 31, 2019:
1. Cash increases by $100,000 2. Liabilities increase by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000
What is the value for Other Assets on March 31, 2019?
Please specify your answer in the same units as the financial statements.
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