# How can I calculate declared dividends and total assets?

Asked Apr 3, 2013, 11:52 AM —
Hello,
I really need help one of my assignment questions. Thanks.

At the beginning of the current fiscal year, Surrey Corp.'s balance sheet showed assets of \$675,000 and Liabilities of \$525,000. During the year, liabilities decreased by \$35,000. Net Income for the year was \$175,000, and net assets at the end of the year were \$193,000. There were no changes in paid-in capital during the year.
Calculate the dividends, if any, declared during the year.
Calculate the total assets at the end of the year.

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