On January 1, 2009, Blackstone Company reported assets of $1,000,000 and liabilities of $600,000. During 2009 assets decreased by $200,000 and Stockholders' Equity decreased $250,000. What is the amount of Stockholder's Equity at December 31, 2009.© BrainMass Inc. brainmass.com October 10, 2019, 4:57 am ad1c9bdddf
This question is seeing if you know how to use the accounting equation:
Assets = liabilities + equity.
This must always stay in balance, so a shift in one ...
The expert examines Blackstone Company for stockholder`s equity at December 2009.