On December 31, 2021 ANG Shuttles Corporations total assets amounted to $5,750,000, and the companies liabilities balance on that same date totaled to $3,965,500. During 2022 ANG Shuttles Corporation generated $15,705,250 in service revenue, incurred $7,865,000 in operating expenses, and realized a loss of $350,125 from the sale of old shuttle busses due to be replaced with newer models in the near future. ANG Shuttle Corporations Board of Directors also authorized the distribution of a $785,100 cash dividend to all investors during 2022. The company went on to realize a modest decrease of $905,000 in total liabilities over this same period in 2022. Given the information provided determine ANG Shuttle Corporations total Owners Total Asset Balance on December 31, 2022?
On December 31, 2021 ANG Shuttles Corporations total assets amounted to $5,750,000, and the companies liabilities balance on that same date totaled to $3,965,500. During 2022 ANG Shuttles Corporation generated $15,705,250 in service revenue, incurred $7,865,000 in operating expenses, and realized a loss of $350,125 from the sale of old shuttle busses due to be replaced with newer models in the near future. ANG Shuttle Corporations Board of Directors also authorized the distribution of a $785,100 cash dividend to all investors during 2022. The company went on to realize a modest decrease of $905,000 in total liabilities over this same period in 2022. Given the information provided determine ANG Shuttle Corporations total Owners Total Asset Balance on December 31, 2022?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On December 31, 2021 ANG Shuttles
Corporations total assets amounted to
$5,750,000, and the companies
liabilities balance on that same date
totaled to $3,965,500. During 2022
ANG Shuttles Corporation generated
$15,705,250 in service revenue,
incurred $7,865,000 in operating
expenses, and realized a loss of
$350,125 from the sale of old shuttle
busses due to be replaced with newer
models in the near future. ANG Shuttle
Corporations Board of Directors also
authorized the distribution of a
$785,100 cash dividend to all investors
during 2022. The company went on to
realize a modest decrease of $905,000
in total liabilities over this same period
in 2022.
Given the information provided
determine ANG Shuttle Corporations
total Owners Total Asset Balance on
December 31, 2022?
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