The liabilities of Olga Company are $90,000. Common stock account is$150,000; dividends are $40,000; revenues, $450,000; and expenses,$320,000.What is the amount of Olga Company's total assets?

Common stock = $150,000Retained earnings = Net income - Dividends= ($450,000 - $320,000) - $40,000=…

Answered: The liabilities of Olga Company are…

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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The liabilities of Olga Company are $90,000. Common stock account is $150,000; dividends are $40,000; revenues, $450,000; and expenses, $320,000. What is the amount of Olga Company's total assets?