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At the beginning of the year, Tektron Company had total assets of $600,000 and total liabilities of $300,000. If the total assets increased $100,000 and

At the beginning of the year, Tektron Company had total assets of $600,000 and total liabilities of $300,000. If the total assets increased $100,000 and the total liabilities decreased $70,000, what is the amount of stockholders equity at the end of the year?

  • A :

    $320,000

  • B :

    $30,000

  • C :

    $200,000

  • D :

    $470,000

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