Owner's equity for our company is $500,000, and total liabilities are $250,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $250,000 B. $300,000 C. $700,000 D. $750,000

Owner's equity for our company is $500,000, and total liabilities are $250,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $250,000 B. $300,000 C. $700,000 D. $750,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Question

What do our total assets equal? its. Cost Account Questions.

Owner's equity for our company is $500,000, and total liabilities are
$250,000. The company paid $50,000 in dividends during the year. What do
our total assets equal?
A. $250,000
B. $300,000
C. $700,000
D. $750,000

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