If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period,

Question:

If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period, the amount and direction (increase or decrease) of the change in stockholders’ equity for that period is a(n):

a. $32,000 increase.

b. $32,000 decrease.

c. $8,000 increase.

d. $8,000 decrease.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

See More Books

Question Posted: Jan 31, 2024 06:04 AM

See More Questions

Exercise - evaluating going concern Snow Co is a manufacturer of textiles and soft furnishings which it supplies to retail organisations. The company's revenue has reduced by 20% in the year to 31...
A vertical analysis is best used to make comparisons between multiple companies. true False In vertical analysis of the income statement, we usually express each income statement item as a percentage...
The Justice Department has been asked to review a merger request for a market with the following four firms. Firm Assets A .......... $156 million B .......... 130 million C .......... 45 million D...
The exchange current density for a PtIFe3+,Fel+ electrode is 2.5 mA cm-I. The standard potential of the electrode is +0.77 V. Calculate the current flowing through an electrode of surface area 1.0...
Information from the statement of financial position and statement of income is given below for North Road Inc., a company following IFRS, for the year ended December 31. North Road has adopted the...
From 2008 to 2015, auto loan rates in the United States declined from around 8% to near historic lows of around 4%. At the same time, auto sales increased dramatically. How, if at all, does this...
Suppose your elasticity of demand for your parking lot spaces is 0.5, and price is $20 per day. If your MC is zero, and your capacity at 9 A.M. is 96%full over the last month, are you optimizing?
1. [10] Is Grtzsch graph M(C5) Hamiltonian? Is the complement of M(C5) Hamilto- nian? Justify your answer.
If revenue was $45,000, expenses were $37,500, and dividends were $10,000, the amount of net income or net loss would be: a. $45,000 net income. b. $7,500 net income. c. $37,500 net loss. d. $2,500...
A listing of a business entitys assets, liabilities, and stockholders equity as of a specific date is a(n): a. balance sheet. b. income statement. c. statement of stockholders equity. d. statement of...
Are the following functions even or odd or neither even nor odd? Sums and products of odd functions
Discuss the role of messaging queues and publish-subscribe systems in facilitating communication and coordination among distributed components. How do they handle issues like message ordering,...
Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $51,300 and $72,000 at the time they decide to terminate the partnership. After all noncash assets...
What impact does society have on laws and policies that effect individuals involved in the criminal justice system? How did the War on Drugs disproportionately affect black families as well as...
How do emerging technologies like augmented reality (AR) and virtual reality (VR) influence the design of user interfaces, and what design principles and interaction patterns are unique to immersive...
Discuss how social forces such as changes in the economy, religion, educational systems, and law and government affect individual families? How do families adapt to these changes?
Refer to Practice 11-7. (1) Make the journal entry to record the sale of Asset 3 after two years for $22,000 cash. (2) Compute depreciation expense in the third year if Asset 5 is purchased at the...
Splitting hairs, if you shine a beam of colored light to a friend above in a high tower, will the color of light your friend receives be the same color you send? Explain.
Identify the differences in the cost of goods sold section of an income statement between a merchandising company and a manufacturing company.
What is the value chain? Describe, in sequence, the main components of a manufacturers value chain.
Explain what is meant by balanced in the balanced scorecard approach.
WHAT IS THE COST OF DEBT, COST OF EQUITY, AND WACC OF MARRIOTT Debt Percentage in Capital Table A Market Value-Target Leverage Ratios and Credit Spreads for Marriott and Its Divisions Debt Rate...
Suppose we have assets A and B with the following distribution of returns: Probability Return for A Return for B .1 .01 -14 .2 .03 .00 .4 .05 .14 .2 .07 .30 .1 .09 .50 a. Compute the expected returns...
Three general partners running a private equity firm called NVC. This question is about the firm's 5th fund, which has $500M in commitments from investors ($500M is the committed capital). Similar to...

If total assets increased $20,000 during a period and total liabilities increased $12,000 during the same period,

Question:

Step by Step Answer:

c The accounting equation is Assets Liabilities Stockholders Equity Therefo...View the full answer

Financial And Managerial Accounting

Students also viewed these Business questions