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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Financial Accounting Reporting, Analysis And Decision Making
Authors: Shirley Carlon
6th Edition
0730363279, 9780730363279
