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Question 94

Multiple Choice

Use the following information for questions.
The balances in Belfast Inc.'s shareholders' equity accounts at December 31, 2020 are: Use the following information for questions. The balances in Belfast Inc.'s shareholders' equity accounts at December 31, 2020 are: At this, time, a financial reorganization was approved. Equipment was written down $ 101,800, and inventory increased $ 5,800. -What is the net increase in the deficit from revaluation of assets? A) $ 0 B) $ 96,000 C) $ 101,800 D) $ 107,600 At this, time, a financial reorganization was approved. Equipment was written down $ 101,800, and inventory increased $ 5,800.
-What is the net increase in the deficit from revaluation of assets?


A) $ 0
B) $ 96,000
C) $ 101,800
D) $ 107,600

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