If Brown Company’s total assets increased by $28,000 during the year, and its total liabilities decreased during the same year by $4,000, what was the change in the company’s total stockholders’ equity?

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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If Brown Company’s total assets increased by $28,000 during the year, and its total liabilities decreased during the same year by $4,000, what was the change in the company’s total stockholders’ equity?

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