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At the beginning of the year, Morales Company had total assets of $819,000 and total liabilities of $588,000. (Treat each item independently.) (a) If total
At the beginning of the year, Morales Company had total assets of $819,000 and total liabilities of $588,000. (Treat each item independently.) (a) If total assets increased $170,000 during the year and total liabilities decreased $74,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 475000 (b) During the year, total liabilities increased $93,000 and stockholders' equity decreased $79,000. What is the amount of total assets at the end of the year? Total assets $ (c) If total assets decreased $86,000 and stockholders' equity increased $118,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities $ $
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