From January 1 to 31, 20X1, assets increased by $163,963 and liabilities decreased by $136,492. What...
From January 1 to 31, 20X1, assets increased by $163,963 and liabilities decreased by $136,492. What is the change in Shareholder's Equity?
A. $300,455
B. $200,455
C. $400,455
D. $300,555
Please show calculations.
Homework Answers
| Shareholders Equity = Total Assets - total liabilities | |||||
| =$163963 -(-$136492) | |||||
| =$163963+136492 | |||||
| $ 3,00,455 | |||||
| Correct Option:A | |||||
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