08 May WHAT IS THE AMOUNT OF TOTAL ASSETS AT THE END OF THE YEAR?
At the beginning of the year Morales Company had total assets of $865 000 and total liabilities of $528 000. (Treat each item independently.)(a) If total assets increased $180 000 during the year and total liabilities decreased $82 000 what is the amount of stockholders’ equity at the end of the year?Stockholders’ equity$(b) During the year total liabilities increased $101 000 and stockholders’ equity decreased $72 000. What is the amount of total assets at the end of the year?Total assets$(c) If total assets decreased $87 000 and stockholders’ equity increased $117 000 during the year what is the amount of total liabilities at the end of the year?Total liabilities$
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