On January 1,2018,Yukon Inc.,had assets of $156,000 and shareholders's equity of $88,000.During the year assets increased by $35,000 and shareholders's equity decreased by $27,500.What were the liabilities on December 31,2018?
A) $7,500.
B) $68,000.
C) $130,500.
D) $251,500.
Correct Answer:
Verified
Q82: The MegaBuck movie studio's name has become
Q83: If no transactions were posted to a
Q84: According to the principle of conservatism,when faced
Q85: Which of the following scenarios could
Q86: When supplies are paid in cash,which of
Q88: Which of the following would not be
Q89: Which of the following is not an
Q90: Which of the following statements is not
Q91: Which concept should be applied when reporting
Q92: During the month you purchased $12,000 of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents