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View Full Version : How to find total assets


baekhun
Jan 8, 2014, 09:15 PM
I was only given the following info
Contributed capital: 5
Dividends: 10
Net income: 25
Retained earnings beginning of year: 30
Retained earings end of year:45
Total assets: ?
Total expenses: 75
Total liabilities: 30
Total revenues: 100

I have to figure out what the total assets is

paraclete
Jan 13, 2014, 11:06 PM
As has been stated probably hundreds of times on this Board; Assets - Liabilities = Equity, so you have been given certain componets of this equation, what remains is assets. a little research of past questions and answers will satisfy any query you have