Last year the Baldwin company increased their equity. In 2016 their equity was $
ID: 1130848 • Letter: L
Question
Last year the Baldwin company increased their equity. In 2016 their equity was $49,468. Last year (2017) it increased to $53,634.What are causes of change in equity? Check all that apply. Select: 3 A change in cash of -$1,927. A change of plant and equipment of$9,580. Issue and retirement of stock . An accounts payable change of$2,093. A bond issue of$1,308. Profits of $12,874 Plant Improvements of $9,580 Depreciation of -$41,287 Dividend payment of$7,169. Change in inventory of-$952. A change in short term debt of-$4,147. Last year the Baldwin company increased their equity. In 2016 their equity was $49,468. Last year (2017) it increased to $53,634.
What are causes of change in equity? Check all that apply. Select: 3 A change in cash of -$1,927. A change of plant and equipment of$9,580. Issue and retirement of stock . An accounts payable change of$2,093. A bond issue of$1,308. Profits of $12,874 Plant Improvements of $9,580 Depreciation of -$41,287 Dividend payment of$7,169. Change in inventory of-$952. A change in short term debt of-$4,147.
Explanation / Answer
The correct answers should be B,C,E,F,G,I,K. These should all influence an increase in equity through an increase in assets or decline in liabilities.
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