Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
York Casting Services started the year with total assets of $110,000 and total liabilities of $50,000. The revenues and the expenses for the year amounted to $140,000 and $50,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $70,000. Calculate the amount of increase or decrease in stockholders' equity for the year.
A) a $80,000 increase
B) a $70,000 increase
C) a $60,000 decrease
D) a $20,000 increase
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 781 times
2 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
#1
Top Poster
Posts: 1274
Rep: 237 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1219 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1214
  
 555
  
 747
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which country would you like to visit for its food?