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On January 1, Year 3, Wayfarer Co.'s assets were $345,000 and its stockholders' equity was $149,000. During the year, assets increased $19,500 and liabilities decreased
On January 1, Year 3, Wayfarer Co.'s assets were $345,000 and its stockholders' equity was $149,000. During the year, assets increased $19,500 and liabilities decreased $19,000. Required: Determine the amount of stockholders' equity at December 31, Year 3. Stockholders' equity
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