Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet Cash Other Assets Total Assets Revenue Expenses Net Income As of December 31, 2022 (amounts in thousands) 29,000 Liabilities 26,000 Equity 55,000 Total Liabilities & Equity Dansko Integrated Income Statement January 1 to March 31, 2023 (amounts in thousands) Between January 1 and March 31, 2023: 1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Paid-In Capital does not change 4. Dividends paid of $200,000 What is the value for Liabilities on March 31, 2023? 7,100 2,800 4,300 33,000 22,000 55,000
Use the starting balance sheet, income statement, and the list of changes to answer the question. Dansko Integrated Balance Sheet Cash Other Assets Total Assets Revenue Expenses Net Income As of December 31, 2022 (amounts in thousands) 29,000 Liabilities 26,000 Equity 55,000 Total Liabilities & Equity Dansko Integrated Income Statement January 1 to March 31, 2023 (amounts in thousands) Between January 1 and March 31, 2023: 1. Cash increases by $200,000 2. Other Assets decrease by $100,000 3. Paid-In Capital does not change 4. Dividends paid of $200,000 What is the value for Liabilities on March 31, 2023? 7,100 2,800 4,300 33,000 22,000 55,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the starting balance sheet, income statement, and the list of changes to answer the question.
Dansko Integrated
Balance Sheet
Cash
Other Assets
Total Assets
Revenue
Expenses
Net Income
As of December 31, 2022
(amounts in thousands)
29,000 Liabilities
26,000 Equity
55,000 Total Liabilities & Equity
Dansko Integrated
Income Statement
January 1 to March 31, 2023
(amounts in thousands)
Between January 1 and March 31, 2023:
1. Cash increases by $200,000
2. Other Assets decrease by $100,000
3. Paid-In Capital does not change
4. Dividends paid of $200,000
What is the value for Liabilities on March 31, 2023?
7,100
2,800
4,300
33,000
22,000
55,000
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