Question
At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, the company's total assets increased
At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, the company's total assets increased by $59,700 and its total liabilities increased by $24,850. At the end of the current year, stocAt the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, the company's total assets increased by $59,700 and its total liabilities increased by $24,850. At the end of the current year, stockholders' equity was:
A $34,850.
B $163,350.
C $128,500.
D $188,200.
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