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How much was stockholder equity changed

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Question - Assume XYZ Company's beginning and ending year 2016 assets were $80,000 and $120,000, respectively. Total liabilities were increased by $20,000. Net income was 90,000.

How much were Assets changed in 2016?

How much was Stockholder's Equity changed in 2016?

Stockholder's Equity is increased by additional investment by owner and net income. It is decreased by dividends and net loss. Determine the amount of dividends in 2016.

Reference no: EM132233559

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