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Brief Exercise 1-9 Your answer is partially correct. Try again. At the beginning of the year, Skysong, Inc. had total assets of $845,000 and total
Brief Exercise 1-9 Your answer is partially correct. Try again. At the beginning of the year, Skysong, Inc. had total assets of $845,000 and total liabilities of $532,000. (Treat each item independently.) (a) If total assets increased $150,000 during the year and total liabilities decreased $75,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 538000 (b) During the year, total liabilities increased $96,000 and stockholders' equity decreased $80,000. What is the amount of total assets at the end of the year? Total assets (c) If total assets decreased $82,000 and stockholders' equity increased $120,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities Click if you would like to Show Work for this question: Open Show Work
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