At the beginning of the year, Winton Company's assets were $180,000 and its stockholders' equity was $82,000. During the year, assets increased by $25,000 and liabilities increased by $9,000. What was the stockholders' equity at the end of the year?
A) $107,000
B) $98,000
C) $114,000
D) $116,000

Question

Quizplus · Accepted Answer

Stockholders' Equity (end of year) = Beginning of year Stockholders' Equity + Change in Assets - Change in Liabilities during year = $82,000 + $25,000 - $9,000 = $98,000

At the Beginning of the Year, Winton Company's Assets Were