Wally Corporation had assets of $270,000 and liabilities of $160,000 at the beginning of 2014.
Posted: Tue Aug 03, 2021 6:36 am
Wally Corporation had assets of $270,000 and liabilities of $160,000 at the beginning of 2014. During 2014, assets increased $25,000 and liabilities increased $5,000. What was stockholders' equity on December 31, 2014?
$130,000
$130,000