4) Below is some selected information from the financial statements of XYST, Inc: Balance as of...

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4) Below is some selected information from the financial statements of XYST, Inc: Balance as of December 31,2018: Total Assets $71,405 Total Liabilities ????? Balance as of December 31, 2019: Total Assets $77,490 Total Liabilities $53,085 During the year ended 12/31/2019, the firm reported net income of $11,350, issued $2,400 of Common Stock at par value, and declared and paid $95 in Dividends. What is the balance of Total Liabilities as of 12/31/2018? $33,345 $45,515 $60,655 $72,825 None of the other answers are correct 4) Below is some selected information from the financial statements of XYST, Inc: Balance as of December 31,2018: Total Assets $71,405 Total Liabilities ????? Balance as of December 31, 2019: Total Assets $77,490 Total Liabilities $53,085 During the year ended 12/31/2019, the firm reported net income of $11,350, issued $2,400 of Common Stock at par value, and declared and paid $95 in Dividends. What is the balance of Total Liabilities as of 12/31/2018? $33,345 $45,515 $60,655 $72,825 None of the other answers are correct

Answer rating: 100% (QA)

Answer The correct option is C Solution Assets Capital Increase un Capital repre... View the full answer