Question
Assets totaled $24,550 and liabilities totaled $8,530 at the beginning of the year. During the year, assets decreased by $3,530 and liabilities increased by $2,830.
Assets totaled $24,550 and liabilities totaled $8,530 at the beginning of the year. During the year, assets decreased by $3,530 and liabilities increased by $2,830. What is the amount of the change in stockholders' equity during the year?
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$700 decrease
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$6,360 decrease
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$610 increase
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$5,810 increase
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
