Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

During 2020, SunStar Companys current assets increased by $40,000, current liabilities increased by $15,000, long term liabilities decreased by $5,000, and stockholders equity increased by

During 2020, SunStar Companys current assets increased by $40,000, current liabilities increased by $15,000, long term liabilities decreased by $5,000, and stockholders equity increased by $65,000. By how much did the long-term assets change?

increased by $25,000

decreased by $105,000

decreased by $25,000

increased by $105,000

The correct change is not listed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ask Get Perform The Auditors Essential Guide To Asking Better Questions Getting Better Answers And Performing Better Audits

Authors: Robert Berry

1st Edition

B08SYTC4G2, 979-8591025755

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following accounting events apply to Marys Designs for the year 2016: Asset Source Transactions 1. Began operations by acquiring $90,000 of cash from the issue of common stock. 2. Performed...

Answered: 1 week ago

Question

★★★★★

4 Radar Company sells bikes for $470 each. The company currently sells 4,400 bikes per year and could make as many as 4,710 bikes per year. The bikes cost $235 each to make: $160 in variable costs...

Answered: 1 week ago

Question

★★★★★

Children are more likely than adults to experience comorbid problems and may be less able to alter their life circumstances to improve their functioning?

Answered: 1 week ago

Question

★★★★★

A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity...

Answered: 1 week ago

Question

★★★★★

Lonergan Company occasionally uses its accounts receivable to obtain immediate cash. At the end of June 2021, the company had accounts receivable of $1,160,000. Lonergan needs approximately $690,000...

Answered: 1 week ago

Question

★★★★★

The following data relate to product no .89 of Des Moines corporation Direct material :3 square feet at $2.50 per square foot Direct material :30,000 square feet at $2.60 per square foot Direct...

Answered: 1 week ago

Question

★★★★★

Explain the key goal of effective negotiation and what it is meant to achieve. Include at least three (3) strategies that can be used to achieve a favorable outcome in a negotiation.

Answered: 1 week ago

Question

★★★★★

Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. In late 2017, Diana Suarez, the president of...

Answered: 1 week ago

Question

★★★★★

3. (10 points) Find the length of the part of the curve 2 R(t) = t + + 1 t F between the origin and the point (1, 2/2, 1/3).

Answered: 1 week ago

Question

★★★★★

0 Skills and Applications Writing an Exponential Equation In Exercises 7-10, write the logarithmic equation in exponential form. For example, the exponential form of log, 25 = 2 is 5 = 25. 7. log4 16...

Answered: 1 week ago

Question

★★★★★

In 6-8 find the velocity v(t) and position s(t) at time t> 0 of a material particle that moves without friction along a straight line, when its acceleration, initial position, and initial velocity...

Answered: 1 week ago

Question

★★★★★

The service organization We Care is having a Demolition Derby for a fund-raiser. You have been asked to develop a sales message that could be placed in the local newspaper. Add details and be...

Answered: 1 week ago

Question

★★★★★

Teamwork. Global. Technology. You are a member of your schools Humanities Student Association, which has decided to organize a retired-persons tour to the Black Forest of Germany for its service...

Answered: 1 week ago

Question

★★★★★

Joseph Dunlap is starting PC Dr., a small business that will make house calls to service computers. Josephs company repairs computers, installs networks, designs special software programs, and...

Answered: 1 week ago

Previous Question Next Question