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At the beginning of the year, the Hudson Corporation's liabilities were $700,000 and its stockholders' equity was $900,000. During the year, assets increased by $300,000
At the beginning of the year, the Hudson Corporation's liabilities were $700,000 and its stockholders' equity was $900,000. During the year, assets increased by $300,000 and stockholders' equity increased by $200,000.
Determine the Corporation's liabilities at the end of the year.
| a. | $1,600,000 | |
| b. | $600,000 | |
| c. | $800,000 | |
| d. | $1,100,000 |
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