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Harrison Harrison
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7 years ago
Shareholders' equity for Raisin Corporation on January 1, 2014 and December 31, 2014 were $60,000 and $75,000, respectively. Assets on January 1, 2014 and December 31, 2014 were $115,000 and $105,000, respectively. Liabilities on January 1, 2014 were $55,000. What is the amount of liabilities on December 31, 2014?
A) $40,000
B) $15,000
C) $30,000
D) indeterminable from the given information
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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rjckErjckE
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7 years ago
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Harrison Author
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7 years ago
Good timing, thanks!
veronee_madison
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Yesterday
Smart ... Thanks!
my life
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2 hours ago
this is exactly what I needed
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