Question
Compute the dollar change and percent change for each account title, and select the answer choice from the drop-down list. Use year 1 as the
Compute the dollar change and percent change for each account title, and select the answer choice from the drop-down list. Use year 1 as the base year. Accounts Payable balance on Year 1 is $75,000 and on Year 2 is $65,000. Bonds Payable balance on Year 1 is $225,000 and on Year 2 is $220,000. Common Stock balance on Year 1 is $300,000 and on Year 2 is $310,000. Retained Earnings balance on Year 1 is $100,000 and on Year 2 is $145,000. Total Stockholders Equity balance on Year 1 is $400,000 and on Year 2 is $455,000. This was my ans:Your score is 0%. Before moving on take a look at your results in detail below. Account Dollar Change Percent Change Accounts Payable 10,000 15.38% Bonds Payable 5,000 2.27% Common Stock -10,000 -3.23% Retained Earnings -45,000 -31.03% Total Stockholders' Equity -55,000 Your score is 30%. - second attempt Before moving on take a look at your results in detail below. Account Dollar Change Percent Change Accounts Payable 10,000 13.33% Bonds Payable 5,000 2.22% Common Stock 10,000 3.33% Retained Earnings -45,000 -45% Total Stockholders Equity -55,000 13.75%
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