Old MathJax webview

The begginning assets are 720000

5 PROBLEM 6 At the beginning of the year, Xul Ltd. had the following 7 amounts on its statement of financial position. Use this 8 information to answer each of the following independent Beginning of year, total assets Beginning of year, total liabilities 4.20.000 13 15 18 Define Name +-- Trace Pre Math & Trig More Functions Fx Use in Formula Name Manager Create from Selection Trace Der Remove. V Defined Names H 1 J K L M a. Xul's total assets increased during the year and total liabilities decreased in the following amounts. Increase in assets Decrease in liabilities $ 2,50,000 80,000 What is the amount of shareholders' equity at the end of the year? Shareholders' equity, beginning of year $ 3,00,000 Shareholders' equity, end of year $ 6,30.000 b. During the year, Xul's total liabilities decreased. The company reported net income, sold additional shares, and did not declare any dividends during the year. Decrease in liabilities Net income Issuance of shares $ 1,00,000 90.000 1,25,000 What is the amount of total assets at the end of the Shareholders' equity, end of year $ 2.15.000 Total liabilities, end of year $ 3,20,000 Total assets, end of year c. Xul's total assets decreased during the year and shareholders' equity increased. Decrease in total assets Shareholders' equity increase $ 90.000 1,20.000 What is the amount of total liabilities at the end of the year? Total assets, end of year Shareholders equity, end of year Total liabilities end of year