Diamond inc began the year with total liabilities of 95000


Question - Diamond, Inc., began the year with total liabilities of $95,000 and total stockholders' equity of $35,000. During the year, total assets increased by 5%. How much are total assets at the end of the year?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Diamond inc began the year with total liabilities of 95000
Reference No:- TGS02891325

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)