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How much are the companys liabilities

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Reference no: EM131790156

Problem

Bart's Burgers Incorporated provided the following partial information about its balance sheet:

Cash $100

Accounts Receivable $500

Stockholders' Equity $700

Accounts Payable $200

Bank Loans $1,000

Based on the information provided, how much are the company's liabilities?

Better Beer Brewing Inc. had beginning total stockholders' equity of $160,000. During the year, total assets increased by $240,000 and total liabilities increased by $120,000. The company's net income was $180,000. No additional investments were made; however, dividends were declared during the year. How much were the dividends?

Reference no: EM131790156

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