Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last year the Digby company increased their equity. In 2018 their equity was $49,131. Last year (2019) it increased to $52,459. What are causes of
Last year the Digby company increased their equity. In 2018 their equity was $49,131. Last year (2019) it increased to $52,459.
What are causes of change in equity? Check all that apply.
Select: 3
A.A change in short term debt of-$4,478.
B.Issue and retirement of stock .
C.Plant Improvements of $9,580
D.Depreciation of -$41,287
E.A bond issue of$1,377.
F.Change in inventory of-$3,490.
G.A change in cash of -$705.
H.Profits of $11,424
J.A change of plant and equipment of$9,580.
K.An accounts payable change of$1,110.
L.Dividend payment of$6,489.
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