During its first year of operations, the owner of roseland company personally invested $25,000 in the corporation in exchange for common stock and paid dividends of $5,000. the company earned $68,000 of revenues and incurred $32,000 of expenses. at the end of the year, the company owed $24,000 to its creditors. at the end of the year, the company's assets totaled:

Assets = 80,000

Explanation:

According to the transaction analysis model:

Assets = Liabilities + Owner's Equity

Owner's equity = Contributed Capital + Retained Earnings

Retained Earnings = Net Income − Dividends

and

Net Income = Income − Expenses

If all substitutions are made the result is referred to as the expanded accounting equation, because it yields the breakdown of the equity component of the equation:

Assets = Liabilities + Contributed Capital + Income – Expenses − Dividends

In the Roseland Company`s case:

Assets = Liabilities + Contributed Capital + Income – Expenses − Dividends

Assets = 24,000 + 25,000 +68,000 - 32,000 – 5,000

Assets = 80,000

answer; /// the above statement is (true);

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c