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Below is balance sheet information for five independent situations. Calculate the answer to each. 1. A company reports total assets of $1,880 and total liabilities
Below is balance sheet information for five independent situations. Calculate the answer to each. 1. A company reports total assets of $1,880 and total liabilities of $910. What is the amount of stockholders' equity? Stockholders' equity 2. A company reports total liabilities of $2,000 and stockholders' equity of $1,100. What is the amount of total assets? Total assets 3. A company reports total assets of $3,200 and total stockholders' equity of $610. What is the amount of total liabilities? Total liabilities 4. A company reports an increase in assets of $2,210 and an increase in liabilities of $870. What is the amount of the change in stockholders' equity? (Decreases should be indicated by a minus sign.) Change in stockholders' equity 5. A company reports an increase in liabilities of $450 and a decrease in stockholders' equity of $1,200. What is the amount of the change in total assets? (Decreases should be indicated by a minus sign.) Change in total assets
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