Use the Following Information for Questions

question 94

Multiple Choice

Use the following information for questions.
The balances in Belfast Inc.'s shareholders' equity accounts at December 31, 2020 are: At this, time, a financial reorganization was approved. Equipment was written down $ 101,800, and inventory increased $ 5,800.
-What is the net increase in the deficit from revaluation of assets?

• A) $ 0
• B) $ 96,000
• C) $ 101,800
• D) $ 107,600

---

Definitions:

Calculate

To work out the numerical value of something through a systematic series of steps.

Graph

A visual representation of data, functions, or equations on a coordinate plane.

Equation

A mathematical statement that asserts the equality of two expressions, typically including variables and constants.

Solve

To find an answer or solution to a problem or equation.