Use the starting balance sheet, income statement, and the list of changes to answer the question. Cash Other Assets Total Assets Revenue Expenses Net Income Siam Traders Balance Sheet As of December 31, 2022 (amounts in thousands) 38,000 Liabilities 25,000 Equity 63,000 Total Liabilities & Equity Siam Traders Income Statement January 1 to March 31, 2023 (amounts in thousands) 6,700 4,200 2,500 21,000 42,000 63,000 Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Other Assets increase by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Liabilities on March 31, 2023? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet)

Use the starting balance sheet, income statement, and the list of changes to answer the question. Cash Other Assets Total Assets Revenue Expenses Net Income Siam Traders Balance Sheet As of December 31, 2022 (amounts in thousands) 38,000 Liabilities 25,000 Equity 63,000 Total Liabilities & Equity Siam Traders Income Statement January 1 to March 31, 2023 (amounts in thousands) 6,700 4,200 2,500 21,000 42,000 63,000 Between January 1 and March 31, 2023: 1. Cash decreases by $200,000 2. Other Assets increase by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Liabilities on March 31, 2023? Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars. Please specify your answer in the same units as the financial statements (i.e., enter the number from your updated balance sheet)

Name: Use the starting balance sheet, income statement, and the list of cha
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Description: Use the starting balance sheet, income statement, and the list of changes to answer the question.Siam TradersBalance SheetAs of December 31, 2022(amounts in thousands)38,000 LiabilitiesCashOther AssetsTotal AssetsRevenueExpensesNet Income25,000 Equi

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 12EB: West End Inc., an auto mechanic shop, has the following account balances, given in no certain order,...

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Visual Inspection Noble Companys accounting records provided the following changes in account balances and other information for 2019: Additional information: Net income was 9,900. Dividends were declared and paid. Land was sold for 1,700. No land was purchased. A building was purchased for 23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for 15 per share. The beginning cash balance was 4,800. Required: Using visual inspection, prepare a 2019 statement of cash flows for Noble.
West End Inc., an auto mechanic shop, has the following account balances, given in no certain order, for the quarter ended March 31, 2019. Based on the information provided, prepare West Ends annual financial statements (omit the Statement of Cash Flows). Prepare West Ends annual financial statements. (Omit the Statement of Cash Flows.)
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