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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- What do our total assets equal?Riverbed Co. invested $980,000 in Marin Co. for 25% of its outstanding stock. Marin Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Marin to answer the following questions. Investment in Marin Co. 980,000 108,000 43,200Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.00
- Question: Parent Co. invested $1,070,000 in Sub Co. for 25% of its outstanding stock. Sub Co. pays out 40% of net income in dividends each year. Use the information in the following T- account for the investment in Sub to answer the following questions. Investment in Sub Co. 1,070,000 130,000 52,000 (a) How much was Parent Co.'s share of Sub Co.'s net income for the year? (b) How much was Parent Co.'s share of Sub Co.'s dividends for the year? (c) What was Sub Co.'s total net income for the year? (d) What was Sub Co.'s total dividends for the year?AnswerA corporation has $91,000 in total assets, $30, 500 in total liabilities, and a $18,600 credit balance in retained earnings. What is the balance in the contributed capital accounts? Multiple Choice $79, 100 $49, 100 $60,500 $41,900
- Please give me answer Accounting questionThe equity of Alliance Company is $170,000 and the total liabilities are $90,000. The total assets are OA. $340,000 B. $80,000 C. $260,000 D. $180,000Bonita Co. invested $910,000 in Windsor Co. for 25% of its outstanding stock. Windsor Co. pays out 30% of net income in dividends each year.Use the information in the following T-account for the investment in Windsor to answer the following questions. Investment in Windsor Co. 910,000 99,000 29,700 (a) How much was Bonita Co.’s share of Windsor Co.’s net income for the year? Net income $enter Bonita’s net income in dollars (b) What was Windsor Co.’s total net income for the year? Total net income $enter the total net income of WindsorCo. for the year (c) What was Windsor Co.’s total dividends for the year? Total Dividends $enter the total dividends of WindsorCo. for the year (d) How much was Bonita Co.’s share of Windsor Co.’s dividends for the year? Dividends $enter the dollar amount of dividends for Bonita Co.
- Pronghorn Co. invested $920,000 in Stellar Co. for 25% of its outstanding stock. Stellar Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Stellar to answer the following questions. Investment in Stellar Co. 920,000 110,000 33,000 (a) How much was Pronghorn Co's share of Stellar Co's net income for the year? Net income $ (b) What was Stellar Co's total net income for the year? Total net income +A $ (c) What was Stellar Co's total dividends for the year? Total Dividends $ (d) How much was Pronghorn Co's share of Stellar Co's dividends for the year? Dividends $Sterling had assets and liabilities as follows: Cash $25,000Accounts Receivable $40,000Inventory $62,500Building (net of accum. deprec.) $90,000Goodwill $65,000Accounts Payable $55,500Accrued Expenses $12,500Bond Payable (Due in 15 yrs) $90,000 Calculate working capital, and current and quick ratiosVello, Inc. reported a return on investment of 12 per cent, a capital turnover of 5, and income of $180 000. On the basis of this information, the company's invested capital was a.$7 500 000. b.$1 500 000. c.$300 000. d.$900 000.