Question
At the beginning of the year,Pina ColadaCompany had total assets of $968,000and total liabilities of $586,000. Answer the following questions. (a) If total assets increased
At the beginning of the year,Pina ColadaCompany had total assets of $968,000and total liabilities of $586,000. Answer the following questions.
(a)If total assets increased $135,000during the year and total liabilities decreased $69,000, what is the amount of stockholders' equity at the end of the year?
(b)During the year, total liabilities increased $131,000and stockholders' equity decreased $67,000. What is the amount of total assets at the end of the year?
(c)If total assets decreased $64,000and and owner's equity increased $112,000during the year, what is the amount of total liabilities at the end of the year?
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