Last year the Digby company increased their equity. In 2015 their equity was $49
ID: 406246 • Letter: L
Question
Last year the Digby company increased their equity. In 2015 their equity was $49,136. Last year (2016) it increased to $53,658.What are causes of change in equity? Check all that apply. Select: 3 An accounts payable change of$1,437. Depreciation of -$41,287 A change in cash of $652. Plant Improvements of $9,580 A bond issue of$1,378. A change of plant and equipment of$9,580. Issue and retirement of stock . Change in inventory of-$3,818. Profits of $12,625 A change in short term debt of-$4,473. Dividend payment of$6,494. Last year the Digby company increased their equity. In 2015 their equity was $49,136. Last year (2016) it increased to $53,658.
What are causes of change in equity? Check all that apply. Select: 3 An accounts payable change of$1,437. Depreciation of -$41,287 A change in cash of $652. Plant Improvements of $9,580 A bond issue of$1,378. A change of plant and equipment of$9,580. Issue and retirement of stock . Change in inventory of-$3,818. Profits of $12,625 A change in short term debt of-$4,473. Dividend payment of$6,494.
Explanation / Answer
The causes for changes in equity are :-
1) Depreciation of - $41,287
2) Issue and retirement of stock
3) Dividend payment of $6,494
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