Puffin Cobegan the Year with Assets of $120,000 and Liabilities of of $90,000.During

question 41

Multiple Choice

Puffin Co.began the year with assets of $120,000 and liabilities of $90,000.During the year assets increased by $14,400 and liabilities decreased by $10,800. What is the amount of the change in Puffin's stockholders' equity during the year?

• A)$3,600 increase
• B)$25,200 increase
• C)$25,200 decrease
• D)$3,600 decrease

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Definitions:

Scientific Charity

An approach to philanthropy that emphasizes the use of research, evidence, and data to inform charitable activities and maximize impact.

Change Agent

An individual or group that actively facilitates, implements, and supports change within an organization or community.

Social Innovation

The development and implementation of new, effective solutions to social problems or needs that create social value and involve the collaboration of multiple stakeholders.

Nonprofit Sector

a segment of society that is organized to meet public or social goals, where the surplus revenues are reinvested in the organization rather than distributed to shareholders.