The balance sheet for Aggie Company at December 31, 2021 indicated that total assets were $1,450 and total liabilities were $1,160. At December 31, 2022 total assets had decreased to $1,280. Additional information available for 2022 included the following: Revenues $580 Expenses 370 Dividends 48 Total liabilities on the December 31, 2022 balance sheet were: Select one: O a. $500 b. $452 C. $876 d. $828 e. $1,032
The balance sheet for Aggie Company at December 31, 2021 indicated that total assets were $1,450 and total liabilities were $1,160. At December 31, 2022 total assets had decreased to $1,280. Additional information available for 2022 included the following: Revenues $580 Expenses 370 Dividends 48 Total liabilities on the December 31, 2022 balance sheet were: Select one: O a. $500 b. $452 C. $876 d. $828 e. $1,032
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The balance sheet for Aggie Company at December 31, 2021 indicated that total assets were $1,450 and total
liabilities were $1,160. At December 31, 2022 total assets had decreased to $1,280. Additional information
available for 2022 included the following:
Revenues $580
Expenses 370
Dividends 48
Total liabilities on the December 31, 2022 balance sheet were:
Select one:
O
O
O
O
a. $500
b. $452
C. $876
d. $828
e. $1,032
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