Accountancy, asked by simranahluwalia1701, 2 months ago

At the beginning of the year, Moose Limited had total assets of $ 602,000 and total liabilities of $ 309,000.

If total liabilities decreased by $ 55,000 and the company had net income of $ 228,000 and paid dividends of $ 21,000, what is the amount of assets at the end of the year?

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Answered by akashboss00

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Answered by XxAKHILROYxX

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At the beginning of the year, Moose Limited had total assets of $ 602,000 and total liabilities of $ 309,000. If total liabilities decreased by $ 55,000 and the company had net income of $ 228,000 and paid dividends of $ 21,000, what is the amount of assets at the end of the year?

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At the beginning of the year, Moose Limited had total assets of $ 602,000 and total liabilities of $ 309,000.

If total liabilities decreased by $ 55,000 and the company had net income of $ 228,000 and paid dividends of $ 21,000, what is the amount of assets at the end of the year?