Question
The Barney Corporation started July with assets of $150,000 and liabilities of $90,000. During the month of July, stockholders' equity increased by $24,000 and liabilities
The Barney Corporation started July with assets of $150,000 and liabilities of $90,000. During the month of July, stockholders' equity increased by $24,000 and liabilities decreased by $10,000. What is the amount of total assets at the end of July?
A. $104,000
B. $116,000
C. $164,000
D. $136,000
E. $140,000
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
