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During 20X1, total assets of Arsenal, Inc. increased by $155 and total liabilities increased by $161. Arsenal, Inc. also issued $15 of common stock
During 20X1, total assets of Arsenal, Inc. increased by $155 and total liabilities increased by $161. Arsenal, Inc. also issued $15 of common stock during 20X1. If Arsenal declared $6 of dividends, how much did net income increase (or decrease) total stockholders' equity during 20X17 $15 decrease O $27 decrease. O $21 decrease, $21 increase... None of the above.
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