1/1/12 – Total assets = $150,000. 12/31/12 – Total assets = $200,000;
1/1/12 – Total Stockholders’ Equity = $100,000. 12/31/12 – Total Stockholders’ Equity = $125,000.
Amount of change and direction for liabilities at 12/31/12?
a. Decrease of $30,000
b. Decrease of 15,000
c. Increase of $25,000
d. Increase of $15,000
Frequently Asked Questions
What scientific concept do you need to know in order to solve this problem?
Our tutors have indicated that to solve this problem you will need to apply the Fundamental Accounting Equation concept. You can view video lessons to learn Fundamental Accounting Equation. Or if you need more Fundamental Accounting Equation practice, you can also practice Fundamental Accounting Equation practice problems.
What is the difficulty of this problem?
Our tutors rated the difficulty of1/1/12 – Total assets = $150,000. 12/31/12 – Total assets = ...as low difficulty.