Homework Answers
Solution:
Increase in stockholder's equity during 2019 = Increase in assets + Decrease in liabilities
= $96,100 + $23,300 = $119,400
Stockholder's equity on 31.12.2019 = $217,500
Stockholder's equity on 01.01.2019 = $217,500 - $119,400 = $98,100
Hence first option is correct.
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During 2019, Canton Company's assets increased $96,100 and the liabilities decreased $23,300. Canton Company's stockholders' equity...
During 2019, Canton Company's assets increased $96,100 and the liabilities decreased $23,300. Canton Company's stockholders' equity...
During 2019, Canton Company's assets increased $96,100 and the liabilities decreased $23,300. Canton Company's stockholders' equity At December 31, 2019 was $217,500. What amount was stockholders' equity At January 1, 2019? Multiple Choice 50B100 S14700 o o o o S23 900 $250 305
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Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during...
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A company's assets totaled $24,350 and liabilities totaled $8,510 at the beginning of the year. During the year, adets decreased by $3,510 and liabilities increased by $2,810. What is the amount of stockholders' equity at the end of the year? Multiple Choice o $14.520 $15.140 o $9,520 $15.840
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a period of time. By what amount and in what direction must the company's totales have changed during that same period? $166500 increase $109500 decrease $166500 decrease $103500 increase
If total assets decreased by $48,048 during a period of time and stockholders' equity increased by $27,412 during the same period, then the amount and direction (Increase or decrease) of the period's change in total liabilities is a $23,326 increase Ob. $75,460 Increase Oc. $48,048 decrease Od. $75,460 decrease Previous Next >
Audient began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Multiple Choice Decrease of $33,900 O Increase of $33,900 O Decrease of $78,300 Increase of $78,300
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