Complete Accounting Tutorial

Complete Accounting Tutorial
This download package includes explanations of 30 accounting topics, financial and managerial exams, cheat sheet, bookkeeping test, accounting puzzles, practice drills, Q&A, and an accounting dictionary.

Monday, December 29, 2008

Balance Sheet Assets Questions

Barnes Company had the following account balances at the end of their first year of operation on their balance sheet:

Revenues $ 43,000
Expenses 28,000
Dividends 2,000
Common stock 85,000
Total liabilities 54,000


What is the amount of their total assets?

$152,000

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