201 FS 5 Articulation--Key

# 201 FS 5 Articulation--Key - 201 Articulation 1 At the end...

This preview shows pages 1–2. Sign up to view the full content.

201 Articulation 1. At the end of the year, a company has the following balances: Current Assets = \$55,000; Non-current Assets = \$145,000; Current Liabilities = \$40,000. Assume no stock transactions. What is the amount of total liabilities and equities? a. \$100,000 b. \$160,000 c. \$200,000 d. Cannot be calculated with the information provided e. None of the above 2. At the end of the year, a company has the following balances: Current Assets = \$55,000; Non-current Assets = \$145,000; Current Liabilities = \$40,000. Assume no stock transactions. If non-current liabilities = \$35,000, what is the end of the year shareholder’s equity balance? 3. At the end of the year, a company has the following balances: Current Assets = \$55,000; Non-current Assets = \$145,000; Current Liabilities = \$40,000. Assume no stock transactions. If the company earned \$15,000 net income for the year and paid \$5,000 in dividends, how much was beginning shareholder’s equity?

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern