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Blue fin started the current year with assets of $716,000, liabilities of $358,000 and common stock of $216,000. during the current year, assets increased by $416,000, liabilities decreased by $58,000 and common stock increased by $291,000. there was no payment of dividends to owners during the year. what was the amount of blue fin's change in total stockholders' equity during the year

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abiolataiwo2015

The amount of blue fin's change in total stockholders' equity during the year is: $474,000.

Change  in total stockholders' equity

Change in Assets = Change in Liabilities + Change in Stockholders' Equity

Change in Stockholders' Equity = Change in Assets − Change in Liabilities

Change in Stockholders' Equity = $416,000 − ($58,000)

Change in Stockholders' Equity =$416,000 + $58,000

Change in Stockholders' Equity = $474,000

Therefore the amount of blue fin's change in total stockholders' equity during the year is: $474,000.

Learn more about Change  in total stockholders' equity here:brainly.com/question/14032844

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