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(I got the first one correct but got B and C incorrect twice now.) At the beginning of the year, Cullumber Company had total assets
(I got the first one correct but got B and C incorrect twice now.)
At the beginning of the year, Cullumber Company had total assets of $837,000 and total liabilities of $557,000. (Treat each item independently.) (a) If total assets increased $187,000 during the year and total liabilities decreased $77,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 544,000 (b) During the year, total liabilities increased $104,000 and stockholders' equity decreased $75,000. What is the amount of total assets at the end of the year? Total assets (c) If total assets decreased $87,000 and stockholders' equity increased $111,000 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: Modify Show WorkStep by Step Solution
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