Solved

Assets Totaled $24,250 and Liabilities Totaled $8,500 at the Beginning

Question 65

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.
-Use the information above to answer the following question.What is the amount of stockholders' equity at the end of the year?


A) $9,450.
B) $15,750.
C) $15,050.
D) $14,450.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions