Question

MyLab and Mastering X P Do Homework sultan alga X o MA se stan e C mathxl.com tudom Oom O T DEA ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #1 [Ch 1] Spr 2020 Score: 0 of 2 pts 2 of 14 (1 complete) Instructor-created question Assume that at the end of the current year a company has total assets of $11,200 and total abilities of $8,000 If during next year total assets increased by $4,000 and total stockholders' equity decreased by $2,700, what would total liabilities be at the end of next year? The company has liabilities of $

Answer 1

The Company Has the Liability of $ 14700

Assets      = Liabilities + StockholdersEquity

So For Current year

11200 = 8000 + 3200

For Next year

Assets = 11200 + 4000 = 15200

Stock Holders Equity = 3200 -2700 = 500

So Liability will be 15200 - 500 = 14700

Now

15200 = 14700 + 500