Assets | = | Liabilities | + | Stockholder's equity |
24350 | 8510 | |||
-3510 | 2810 | |||
20840 | 11320 | 20840-11320 = 9520 | ||
So answer is c) $9520
A company's assets totaled $24,350 and liabilities totaled $8,510 at the beginning of the year. During...
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At the beginning of the year, Crane Company had total assets of $900,000 and total liabilities of $514,000. (Treat each item independently.) ( a) If total assets increased $173,000 during the year and total liabilities decreased $71,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity_____ (b) During the year, total liabilities increased $103,000 and stockholders’ equity decreased $61,000. What is the amount of total assets at the end of the year? total assets...
At the beginning of the year, Morales Company had total assets of $833,000 and total liabilities of $553,000. (Treat each item independently.) (a) If total assets increased $147,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity $enter a dollar amount (b) During the year, total liabilities increased $105,000 and stockholders’ equity decreased $76,000. What is the amount of total assets at the end of the...
At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities of $510,000. (Treat each item independently.) (a) If total assets increased $140,000 during the year and total liabilities decreased $70,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 540000 (b) During the year, total liabilities increased $90,000 and stockholders' equity decreased $60,000. What is the amount of total assets at the end of the year? Total assets...
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
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