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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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6 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
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TheSinTheSin
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6 years ago
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