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Puffin Co. began the year with assets of $110,000 and liabilities of $80,000. During the year assets increased by $14,000 and liabilities decreased by $10,000.

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Puffin Co. began the year with assets of $110,000 and liabilities of $80,000. During the year assets increased by $14,000 and liabilities decreased by $10,000. What is the amount of Puffin's stockholders' equity at the beginning of the year? Multiple Choice

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