Homework Answers
| b $100,000 | |
| Statement showing Computations | |
| Particulars | Amount |
| Total Assets | 100,000.00 |
| Total Liabilities | 80,000.00 |
| Stockholder Equity = Assets - Liabilities | |
| Stockholder Equity at beginning = 100,000 - 80,000 | 20,000.00 |
| Revenues | 210,000.00 |
| Less expenses | (110,000.00) |
| Income | 100,000.00 |
| Less Dividends | (20,000.00) |
| Addition to retained earnings | 80,000.00 |
| Stockholder Equity at beginning | 20,000.00 |
| Addition to retained earnings | 80,000.00 |
| Stockholder Equity at end | 100,000.00 |
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