Solution 16:
Total stockholder's equity = total liabilities ans stockholder's equity - Liabilities
= $2,000,000 - $665,000 = $1,335,000
Hence option b is correct.
Solution 17:
Increase in assets in february = $120,000
Increase in equity in february = $80,000
Therefore increase in liabilities in february = $120,000 - $80,000 = $40,000
Liabilities at the end of february = $4,900,000 + $40,000 = $4,940,000
Hence option a is correct.
Solution 18:
Dollar amount of resources paid to owners in september = Amount of dividend paid = $10,000
Hence option c is correct.
Solution 19:
Total assets = Total liabilities + Stockholder's equity = $1,100,000
Hence option c is correct.
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