December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current assets $123,400 $100,000 %24 Plant assets (net) 394,350 330,000 Total assets $517,750 $430,000 Liabilities Current liabilities $86,328 $72,000 Long-term liabilities 133,280 85,000 Total liabilities 219,608 157,000 Stockholders' Equity Common stock, $1 par 166,440 120,000 Retained earnings 131,702 153,000 Total stodcholders' equity 298,142 273,000 Total liabilities and $517,750 $430,000 stockholders' equity

December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current assets $123,400 $100,000 %24 Plant assets (net) 394,350 330,000 Total assets $517,750 $430,000 Liabilities Current liabilities $86,328 $72,000 Long-term liabilities 133,280 85,000 Total liabilities 219,608 157,000 Stockholders' Equity Common stock, $1 par 166,440 120,000 Retained earnings 131,702 153,000 Total stodcholders' equity 298,142 273,000 Total liabilities and $517,750 $430,000 stockholders' equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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