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Brief Exercise 1-9 At the beginning of the year, Morales Company had total assets of $861,000 and total liabilities of $553,000. (Treat each item independently.)
Brief Exercise 1-9 At the beginning of the year, Morales Company had total assets of $861,000 and total liabilities of $553,000. (Treat each item independently.) (a) If total assets increased $151,000 during the year and total liabilities decreased $83,000, what is the amount of stockholders' equity at the end of the yeari? Stockholders' equity s 542000 (b) During the year, total liabilities increased $93,000 and stockholders' equity decreased $74,000. What is the amount of total assets at the end of the year? Total assets 954000 s (c) If total assets decreased $80,000 and stockholders' equity increased $120,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities
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