During 2017, Gibson Company assets decreased $50,000 and its liabilities decreased $90,000. Its stockholders’ equity

Are you having trouble answering the question “During 2017, Gibson Company assets decreased $50,000 and its liabilities decreased $90,000. Its stockholders’ equity”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

During 2017, Gibson Company assets decreased $50,000 and its liabilities decreased $90,000. Its stockholders’ equity

a. decreased $40,000.
b. decreased $140,000.
c. increased $140,000.
d. increased $40,000.

We hope you have got the correct answer to your question “During 2017, Gibson Company assets decreased $50,000 and its liabilities decreased $90,000. Its stockholders’ equity”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *