Multiple Choice
Assets totaled $24,250 and liabilities totaled $8,500 at the beginning of the year.During the year,assets decreased by $3,500 and liabilities increased by $2,800. What is the amount of the change in stockholders' equity during the year?
A) $5,750 increase
B) $700 decrease
C) $6,300 decrease
D) $550 increase
Correct Answer:
Verified
Correct Answer:
Verified
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