3. Vuona had the following final balances after the first year of operations: assets $35,500, stockholders' equity $14,000, dividends $2,100, and net income $10,100. What is the amount of Vuona's liabilities? SHOW WORK
A. $9,300 B. $23,500 C. $21,500 D. $35,500
4. Accountants are responsible for measuring various operating, investing, and financing activities. Which of the following correctly matches the activity with its type?
A. Financing - providing products and services to customers
B. Operating - paying cash dividends to stockholders
C. Investing - purchasing land for cash
D. Investing - paying for utilities used during the month