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At the beginning of the year, Novak Corp. had total assets of $1,008,000 and total liabilities of $630,000. (Treat each item independently.) (a) If total
At the beginning of the year, Novak Corp. had total assets of $1,008,000 and total liabilities of $630,000. (Treat each item independently.) (a) If total assets increased $189,000 during the year and total liabilities decreased $100,800, what is the amount of stockholders' equity at the end of the year? Stockholders' equity $ (b) During the year, total liabilities increased $126,000 and stockholders' equity decreased $88,200. What is the amount of total assets at the end of the year? Total assets $ (c) If total assets decreased $100,800 and stockholders' equity increased $138,600 during the year, what is the amount of total liabilities at the end of the year? Total liabilities 19
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