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Incorrect Mark 0.00 out of 1.00 your was 553245 and dividends declared were $11.390. The liabilities increased by $22822 over


Question 2 Incorrect Mark 0.00 out of 100 A company has 52553 of assets and 5120000 in shareholders equity at the beginning
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Answer #1

Beginning asset = $255,383

Beginning stockholders' equity = $120,000

Beginning liabilities = Beginning asset - Beginning stockholders' equity

= 255,383 - 120,000

= $135,383

Increase in liabilities = $22,822

Ending liabilities = Beginning liabilities + Increase in liabilities

= 135,383 + 22,822

= $158,205

Ending stockholders' equity = Beginning stockholders' equity + Net income - Dividends

= 120,000 + 53,245 - 11,390

= $161,855

Ending assets = Ending liabilities + Ending stockholders' equity

= 158,205 + 161,855

= $320,060

Correct option is (c)

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