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Stella [2.4K]
2 years ago
12

If the liabilities of a company increased $74,000 during a period of time and equity in the company decreased $19,000 during the

same period, what was the effect on the assets?
a. assets would have increased $55,000.
b. assets would have decreased $55,000.
c. assets would have increased $19,000.
d. assets would ha g
Business
1 answer:
DedPeter [7]2 years ago
3 0
Change in Assets = Change in Liabilities + Change in Owner's Equity
Change in Assets = $74,000 + (-$19000) = +$55000

A is the answer
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FARO Technologies, whose products include portable 3D measurement equipment, recently had 36 million shares outstanding trading
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Therefore what price should FARO expect its existing shares to sell immediately after the announcement is $21.75

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