QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS
58.
The following information is available about a company:
Contributed capital, beginning of the year
$ 50,000
Retained earnings, beginning of the year
225,000
Sales revenues earned during the year
450,000
Investment income earned during the year
5,000
Total expenses paid during the year
402,000
Dividends paid during the year
10,000
Total assets, end of the year
800,000
Total liabilities at the end of the year are closest to:
A. $472,000.
B. $482,000.
C. $487,000.