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The balance sheet of Star Co. shows that total liabilities increased by $6,000 during last year and the total assets increased by the same amount.
The balance sheet of Star Co. shows that total liabilities increased by $6,000 during last year and the total assets increased by the same amount. What was the change in shareholders equity?
| Increased by $12,000 | ||
| Decreased by $12,000 | ||
| No change | ||
| None of the answers above are correct |
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The Brand Management Audit
Authors: Mr Don Knight
1st Edition
0273649345, 978-0273649342
