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financial and managerial accounting brief exercise RACK NEX Brief Exercise 1-03 At the beginning of the year, Ayayal Company had total assets of $770,000 and

financial and managerial accounting brief exercise
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RACK NEX Brief Exercise 1-03 At the beginning of the year, Ayayal Company had total assets of $770,000 and total liabilities of $400,000. Answer the following questions. (a) of total assets increased $120,000 during the year and total liabilities decreased $50,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity $ (b) During the year, total liabilities increased $100,000 and stockholders' equity decreased $50,000. What is the amount of total assets at the end of the year? Total assets $ (e) if total assets decreased $50,000 and and owner's equity increased $100,000 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: Coen Show Wor LINK TO TEXT Brief Exercise 1-05 Indicate whether each of the following items is an asset, liability, or part of stockholders' equity. (a) Accounts receivable (b) Salaries and wages payable (c) Equipment > (d) Supplies (e) Dividends (f) Notes payable Click if you would like to Show Work for this question: Open Show Work

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