What was the amount of the change in Assets during the year?

Name: What was the amount of the change in Assets during the year?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The change in Assets can be calculated by subtracting the beginning Assets from the ending Assets. In this case, the beginning Assets were $560,000 and the ending Assets were $700,000. Therefore, the change in Assets is

$700,000 - $560,000 = $140,000

This means that the Assets increased by $140,000 during the year.

What Was the Amount of the Change in Assets During