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    baekhun's Avatar
    baekhun Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 8, 2014, 09:15 PM
    How to find total assets
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    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
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