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At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities of $510,000. (Treat each item independently.) (a) If total

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At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities of $510,000. (Treat each item independently.) (a) If total assets increased $140,000 during the year and total liabilities decreased $70,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 540000 (b) During the year, total liabilities increased $90,000 and stockholders' equity decreased $60,000. What is the amount of total assets at the end of the year? Total assets 540000 (c) If total assets decreased $80,000 and stockholders' equity increased $100,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities 20000 %24 %24

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