Question: During the year, a firm reported a decrease in assets of $34,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000.
During the year, a firm reported a decrease in assets of $34,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000. During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the decrease in liabilities for the year? Select one: a.$43,600 b.$173,400 c. $155,600 d. $25,800 e. $86,200 ? If Accumulated Depreciation has a normal ending balance of $29,000, credit postings of $22,000, and a normal beginning balance of $24,000, what were the debit postings? Select one: a. $36,000 b. $22,000 C. $17,000 d.$31,000 ? e, $27,000
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