Top Posters
Since Sunday
g
2
2
C
1
1
1
c
1
New Topic  
Harrison Harrison
wrote...
Posts: 626
Rep: 0 0
7 years ago
On January 1, 2014, total assets for Liftoff Technologies were $125,000; on December 31, 2014, total assets were $145,000. On January 1, 2014, total liabilities were $110,000; on December 31, 2014, total liabilities were $115,000. What are the amount of the change and the direction of the change in Liftoff Technologies shareholders' equity for 2014?
A) decrease of $15,000
B) increase of $15,000
C) increase of $30,000
D) decrease of $30,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 144 times
1 Reply
Replies
Answer verified by a subject expert
TheSinTheSin
wrote...
Posts: 380
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

Harrison Author
wrote...

7 years ago
Brilliant
wrote...

Yesterday
this is exactly what I needed
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  414 People Browsing
Show Emoticons
:):(;):P:D:|:O:?:nerd:8o:glasses::-):-(:-*O:-D>:-D:o):idea::important::help::error::warning::favorite:
Related Images
  
 4663
  
 3435
  
 914