Assets totaled $26,050 and liabilities totaled $8680 at the beginning of the year. During the year, assets decreased by $3680 and liabilities increased by $2980.What is the amount of stockholders' equity at the end of the year?
A. $17,370
B. $15,710
C. $16,670
D. $10,710
Answer: D
You might also like to view...
Which of the following refers to the course that a product's sales and profits take over its lifetime?
A) total product process B) service life C) product mix D) product life cycle E) marketing mix
If a student evaluates her professor low on all evaluation criteria due to dissatisfaction with the professor's grading, the student has likely committed which rater error?
A. Stereotyping B. Recency C. Central tendency D. Halo E. Proximity
In which of the following cases is separate property considered marital property?
A) if the separate property was owned by the spouse prior to the terminated marriage B) if the separate property was an inheritance C) if the owner transferred title to the separate property to the spouse's name D) if the separate property was a gift received during marriage
Luigi's Pizzeria has insured its building with multiple companies for a total of $342,000, of which $132,400 is with Rockford's. Assuming that all coinsurance requirements have been met, how much would Rockford's be responsible for in the event of a $152,000 fire?