Riverstone Products Ltd. reports the following: Owner's equity: $400,000 Total liabilities: $300,000 The company paid $60,000 in dividends during the year. What is the total assets for Riverstone Products Ltd.? a. $700,000 b. $600,000 c. $500,000 d. $400,000

Riverstone Products Ltd. reports the following: Owner's equity: $400,000 Total liabilities: $300,000 The company paid $60,000 in dividends during the year. What is the total assets for Riverstone Products Ltd.? a. $700,000 b. $600,000 c. $500,000 d. $400,000

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 is the total assets for Riverstone products Ltd on these general accounting question?

Riverstone Products Ltd. reports the following: Owner's equity:
$400,000 Total liabilities: $300,000 The company paid $60,000 in
dividends during the year. What is the total assets for Riverstone
Products Ltd.?
a. $700,000
b. $600,000
c. $500,000
d. $400,000

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