What is the amount of the change in stockholders' equity in the year 2010?

Question

Quizplus · Accepted Answer

The change in stockholders' equity can be calculated by subtracting the beginning balance from the ending balance.

Beginning balance: $21,300
Ending balance: $14,700

Change in stockholders' equity = Ending balance - Beginning balance
Change in stockholders' equity = $14,700 - $21,300
Change in stockholders' equity = -$6,600

Since the result is negative, it means there was a decrease in stockholders' equity. The answer is C, $6,300 decrease.

What Is the Amount of the Change in Stockholders' Equity