Multiple Choice
On January 1, 2017, total assets for Wininger Technologies were $140,000; on December 31, 2017, total assets were $155,000. On January 1, 2017, total liabilities were $111,000; on December 31, 2017, total liabilities were $118,000. What is the amount of the change and the direction of the change in Wininger Technologies' stockholders' equity for 2017?
A) decrease of $8000
B) increase of $8000
C) increase of $22,000
D) decrease of $22,000
Correct Answer:
Verified
Correct Answer:
Verified
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