If the assets of a business are $ 390 comma 000 and the liabilities are $ 110 comma 000, how much is the owners' equity? (2) if the owners' equity in a business is $ 90 comma 000 and the liabilities are $ 190 comma 000, how much are the assets? (3) a company reported monthly revenues of $ 315 comma 000 and expenses of $ 100 comma 000. what is the result of operations for the month? (4) if the beginning balance of retained earnings is $ 160 comma 000, revenue is $ 100 comma 000, expenses total $ 65 comma 000, and the company declares and pays a $ 10 comma 000 dividend, what is the ending balance of retained earnings?

If the assets of a business are $ 390 comma 000 and the liabilities are $ 110 comma 000, how much is the owners' equity?

Using the Balance Sheet Equation

Assets= Liabilitites+Owners Equity

390000=110000+Owners Equity

Owners Equity=$280000

if the owners' equity in a business is $ 90 comma 000 and the liabilities are $ 190 comma 000, how much are the assets?

Using the Balance Sheet Equation

Assets= Liabilitites+Owners Equity

Assets=190000+90000

Assets=$280000

(3) a company reported monthly revenues of $ 315 comma 000 and expenses of $ 100 comma 000. what is the result of operations for the month?

Net income= Revenues-Expenses

Net income=315000-100000

Net Income= $215000

(4) if the beginning balance of retained earnings is $ 160 comma 000, revenue is $ 100 comma 000, expenses total $ 65 comma 000, and the company declares and pays a $ 10 comma 000 dividend, what is the ending balance of retained earnings?

This can be found by below schedule:

Beginning Balance160000

Add Revenue100000

Less Expense(65000)

Less Dividend(10000)

Ending Balance of Retained Earnings185000

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