Use the starting balance sheet, income statement, and the list of changes to answer the question. Cash Other Assets Total Assets Revenue Expenses Net Income Siam Traders Balance Sheet As of December 31, 2022 (amounts in thousands) 38,000 Liabilities 25,000 Equity 63,000 Total Liabilities & Equity Siam Traders Income Statement January 1 to March 31, 2023 (amounts in thousands) 6,700 4,200 2,500 21,000 42,000 63,000 Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Other Assets increase by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Liabilities on March 31, 2023? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet)

Use the starting balance sheet, income statement, and the list of changes to answer the question. Cash Other Assets Total Assets Revenue Expenses Net Income Siam Traders Balance Sheet As of December 31, 2022 (amounts in thousands) 38,000 Liabilities 25,000 Equity 63,000 Total Liabilities & Equity Siam Traders Income Statement January 1 to March 31, 2023 (amounts in thousands) 6,700 4,200 2,500 21,000 42,000 63,000 Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Other Assets increase by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Liabilities on March 31, 2023? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet)

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Description: Use the starting balance sheet, income statement, and the list of changes to answer the question.Siam TradersBalance SheetAs of December 31, 2022(amounts in thousands)38,000 LiabilitiesCashOther AssetsTotal AssetsRevenueExpensesNet Income25,000 Equi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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