Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Stockholder's equity (https://www.askmehelpdesk.com/showthread.php?t=401126)

  • Sep 29, 2009, 05:13 PM
    vt3027
    Stockholder's equity
    22. ABC Corporation had total assets of $200,000 and stockholder’s equity of $104,000 at the beginning of the year. During the year, assets increased by $26,000 and liabilities decreased by $41,000. Stockholder’s equity at year’s end totaled:
    a. $185,000
    b. $67,000
    c. $169,000
    d. $171,000
  • Sep 29, 2009, 09:33 PM
    Just Looking
    If you go with the standard definition

    assets = liabilities + equity

    you should be able to figure this out. Why not give it a try and post again?

  • All times are GMT -7. The time now is 01:56 PM.