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-BARSIC- [3]
3 years ago
14

g The following information relates to XYZ Company: January 1, 2023: Liabilities ............... $137,000 Retained earnings ....

..... $232,000 December 31, 2023: Total equity .............. $258,000 During 2023, the assets of XYZ Company decreased by $65,000, the liabilities decreased by $14,000, and the common stock increased by $29,000. Calculate XYZ Companys common stock at January 1, 2023.
Business
1 answer:
Georgia [21]3 years ago
5 0

Answer:

The common stock at January 1, 2023 is \$ 77,000

Explanation:

Total equity                                \$258,000

Total Liabilities                           \$123,000

Total asset as on December     \$381,000

Learn more about common stock, refer :

brainly.com/question/11453024

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