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    asmith92's Avatar
    asmith92 Posts: 1, Reputation: 1
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    #1

    Jan 23, 2013, 01:48 PM
    Ending Liabilities are 67,000, Beginning Equity was $87,000, Common Stock sold during
    Ending Liabilities are 67,000, Beginning Equity was $87,000, Common Stock sold during year totaled $31,000, Expenses for the year were $22,000, Dividends declared totaled $13,000, Ending Equity for the year is $181,000 and Beginning Assets for the year were $222,000.
    What was Beginning Liabilities for the year
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jan 23, 2013, 03:48 PM
    assets-liabilities = equity

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