Question
On January 1, 2019, a company's assets were $300,000 and its shareholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000.
On January 1, 2019, a company's assets were $300,000 and its shareholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000. What was the shareholders' equity on December 31, 2019?
a.
$167,000
b.
$165,000
c.
$160,000
d.
$169,000
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Audit Report Chavarria Dinne And Lamey LLC Contract Deliverables Office Of Inspector U.S Department Of The Interior
Authors: United States Department Of The Interior
1st Edition
1511678526, 978-1511678520
