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Puffin Company began the year with assets of $117,000 and liabilities of $83,500. During the year assets increased by $15,400 and liabilities decreased by $10,700.
Puffin Company began the year with assets of $117,000 and liabilities of $83,500. During the year assets increased by $15,400 and liabilities decreased by $10,700.
What is the amount of Puffin's stockholders' equity at the beginning of the year?
Multiple Choice
$101,600
$33 500
$117000
$113 000
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