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(1) (2) (3) (4) If the assets of a business are $280.000 and the abilities are $75,000, how much is the worse? If the owners
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Answer #1

1:-

Total Assets - Total Liabilities = Owner's Equity
$280,000 $75,000 $205,000

2:-

Owner's Equity + Liabilities = Assets
$100,000 $90,000 $190,000

3:-

Total Income - Total expenses = Net lncome /Loss
$130,000 $83,000 $47,000

4:- Because answer's boxes are not provided .therefore I am providing answer in own way.

Total Income ($75,000-$51,000) $75,000
Less: Total expenses $51,000
Net Income $24,000
Less: Dividend paid $8,000
Net income after dividend $16,000
Add: Beginning balance of Retained earning $80,000
Ending balance of Retained earning $96,000
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