Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Owner's equity for our company is $980,000, and
total liabilities are $377,000. The company paid
$50,000 in dividends during the year. What do our
total assets equal?
A. $1,250,000
B. $1,357,000
C. $1,500,000
D. $1,750,000
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Transcribed Image Text:Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $1,250,000 B. $1,357,000 C. $1,500,000 D. $1,750,000
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