Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Blue fin started the current year with assets of $716,000, liabilities of $358,000 and common stock of $216,000. during the current year, assets increased by $416,000, liabilities decreased by $58,000 and common stock increased by $291,000. there was no payment of dividends to owners during the year. what was the amount of blue fin's change in total stockholders' equity during the year

Sagot :

abiolataiwo2015

The amount of blue fin's change in total stockholders' equity during the year is: $474,000.

Change  in total stockholders' equity

Change in Assets = Change in Liabilities + Change in Stockholders' Equity

Change in Stockholders' Equity = Change in Assets − Change in Liabilities

Change in Stockholders' Equity = $416,000 − ($58,000)

Change in Stockholders' Equity =$416,000 + $58,000

Change in Stockholders' Equity = $474,000

Therefore the amount of blue fin's change in total stockholders' equity during the year is: $474,000.

Learn more about Change  in total stockholders' equity here:brainly.com/question/14032844

#SPJ1

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.