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    vt3027's Avatar
    vt3027 Posts: 1, Reputation: 1
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    #1

    Sep 29, 2009, 05:13 PM
    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
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Sep 29, 2009, 09:33 PM
    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?
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