Homework Answers
9). Assets = Liabilities + Shareholders' Equities
Shareholders' Equities = Assets - Liabilities = $176,640 - $51,357 = $125,283
Shareholders' Equities after investment = Shareholders' Equities + New Stock Issued
= $125,283 + $18,302 = $143,585
10). Additions to retained earnings = Net Income - Dividends Paid = $45,000 - $15,000 = $30,000
Retained Earnings at beginning = Ending retained earnings - Additions to retained earnings
= $134,829 - $30,000 = $104,829
11). Assets = Liabilities + Shareholders' Equities
Liabilities = Assets - Shareholders' Equities = $100,466 - $63,957 = $36,509
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