Question
At the beginning of the year,Coronado Industrieshad total assets of $1,040,000and total liabilities of $650,000. (Treat each item independently.) (a) If total assets increased $195,000during
At the beginning of the year,Coronado Industrieshad total assets of $1,040,000and total liabilities of $650,000. (Treat each item independently.)
(a)If total assets increased $195,000during the year and total liabilities decreased $104,000, what is the amount of stockholders' equity at the end of the year?
Stockholders' equity
(b)During the year, total liabilities increased $130,000and stockholders' equity decreased $91,000. What is the amount of total assets at the end of the year?
Total assets
(c)If total assets decreased $104,000and stockholders' equity increased $143,000during the year, what is the amount of total liabilities at the end of the year?
Total liabilities
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