Multiple Choice
At March 31, 2010, Gaffer's Department Store, had $1,000,000 of assets and $325,000 of liabilities. On April 10, 2010, Gaffer's paid off $125,000 of its liabilities. Total stockholders' equity at April 10, 2010, after the payment, is
A) $ 550,000.
B) $ 600,000.
C) $ 675,000.
D) $1,000,000.
E) $1,125,000.
Correct Answer:
Verified
Correct Answer:
Verified
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