On January 1, 2017, Total Assets for Wininger Technologies Were

question 4

Multiple Choice

On January 1, 2017, total assets for Wininger Technologies were $140,000; on December 31, 2017, total assets were $155,000. On January 1, 2017, total liabilities were $111,000; on December 31, 2017, total liabilities were $118,000. What is the amount of the change and the direction of the change in Wininger Technologies' stockholders' equity for 2017?

• A)decrease of $8000
• B)increase of $8000
• C)increase of $22,000
• D)decrease of $22,000

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Lemon Test

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