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started 2018 with total assets of $23,000 and total liabilities of $10,000. At the end of 2018, GreatWall's total assets stood at $30,000 and total
started
2018
with total assets of
$23,000
and total liabilities of
$10,000.
At the end of
2018,
GreatWall's
total assets stood at
$30,000
and total liabilities were
$11,000.
Requirements
1.Did the stockholders' equity of
GreatWallChineseCuisine
increase or decrease during
2018?
By how much?
2.Identify the four possible reasons that stockholders' equity can change.
Question content area bottom
Part 1
Requirement 1. Did the stockholders' equity of GreatWallChineseCuisine increase or decrease during
2018? By how much?(Enter a decrease with a minus sign or parentheses.)
Change in stockholders' equity during the year is? |
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