Answered: Owner's equity for our company is…

Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid $50,000 in dividends during the year. What do our total assets equal?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

What do our total assets equal

Owner's equity for our company is $980,000, and
total liabilities are $377,000. The company paid
$50,000 in dividends during the year. What do our
total assets equal?

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