E1-22 (similar to) Question Help ▼ John Landscaping started 2018 with total assets of $23,000 and total liabilities of $13,000. At the end of 2018, John's total assets stood at $20,000 and total liabilities were $18,000. Requirements 1. Did the stockholders' equity of John Landscaping increase or decrease during 2018? By how much? 2. Identify the four possible reasons that stockholders' equity can change. Requirement 1. Did the stockholders' equity of John Landscaping increase or decrease during 2018? By how much? (Enter a decrease with a minus sign or parentheses.) Change in stockholders' equity during the year is (8.000) Requirement 2. Identify the four possible reasons that stockholders' equity can change. v and/or V Stockholders' equity can decrease through Stockholders' equity can increase through: V and/or borrowing money dividend payment net income net loss paying a liability purchasing assets for cash Click to select your answer(s) and then click Check Answer. purchasing assets on account
E1-22 (similar to) Question Help ▼ John Landscaping started 2018 with total assets of $23,000 and total liabilities of $13,000. At the end of 2018, John's total assets stood at $20,000 and total liabilities were $18,000. Requirements 1. Did the stockholders' equity of John Landscaping increase or decrease during 2018? By how much? 2. Identify the four possible reasons that stockholders' equity can change. Requirement 1. Did the stockholders' equity of John Landscaping increase or decrease during 2018? By how much? (Enter a decrease with a minus sign or parentheses.) Change in stockholders' equity during the year is (8.000) Requirement 2. Identify the four possible reasons that stockholders' equity can change. v and/or V Stockholders' equity can decrease through Stockholders' equity can increase through: V and/or borrowing money dividend payment net income net loss paying a liability purchasing assets for cash Click to select your answer(s) and then click Check Answer. purchasing assets on account
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:E1-22 (similar to)
Question Help ▼
John Landscaping started 2018 with total assets of $23,000 and total liabilities of $13,000. At the end of 2018, John's total assets stood at $20,000 and total liabilities were $18,000.
Requirements
1. Did the stockholders' equity of John Landscaping increase or decrease during 2018? By how much?
2. Identify the four possible reasons that stockholders' equity can change.
Requirement 1. Did the stockholders' equity of John Landscaping increase or decrease during 2018? By how much? (Enter a decrease with a minus sign or parentheses.)
Change in stockholders' equity during the year is
(8,000)
Requirement 2. Identify the four possible reasons that stockholders' equity can change.
▼ and/or
7. Stockholders' equity can decrease through
Stockholders equity can increase through
and/or
borrowing money
dividend payment
net income
net loss
paying a liability
purchasing assets for cash
Click to seiect your answer(s) and then click Check Answer.
purchasing assets on account
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