Q1-53. The shareholders equity of Diakovsky Company at the beginning and end of 20X6 totaled $16,000 and
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Q1-53. The shareholders’ equity of Diakovsky Company at the beginning and end of 20X6 totaled $16,000 and $21,000, respectively. Assets at the beginning of 20X6 were $25,000. If Diakovsky Company’s liabilities increased by $8,000 in 20X6, how much were total assets at the end of 20X6? Use the accounting equation.
a. $41,000
c. $35,000
b. $46,000
d. $38,000
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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