On January 1,2019,total assets for Wininger Technologies were $136,000;on December 31,2019,total assets were $157,000.On January 1,2019,total liabilities were $110,000;on December 31,2019,total liabilities were $118,000.What is the amount of the change and the direction of the change in Wininger Technologies' stockholders' equity for 2019?
A)decrease of $13,000
B)increase of $13,000
C)increase of $29,000
D)decrease of $29,000

Question

Quizplus · Accepted Answer

Assets - liabilities = stockholders' equity
Beginning of year: $136,000 - $110,000 = $26,000
End of year: $157,000 - $118,000 = $39,000
Increase of $13,000,which equals $26,000 - $39,000

On January 1,2019,total Assets for Wininger Technologies Were $136,000;on December