At the beginning of the year, Cullumber Company had total assets of $ 7 9 6 ,
Question:
At the beginning of the year, Cullumber Company had total assets of $ and total liabilities of $ Answer the following questions.
a If total assets increased $ during the year and total liabilities decreased $ what is the amount of owners equity at the end of the year?
Owners equity
$enter the owners equity amount in dollars
b During the year, total liabilities increased $ and owners equity decreased $ What is the amount of total assets at the end of the year?
Assets
$enter the assets amount in dollars
c If total assets decreased $ and owners equity increased $ during the year, what is the amount of total liabilities at the end of the year?
Liabilities
$enter the liabilities amount in dollars
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso