Question 1) At the beginning of the year, Oetting Company had total assets of $777,000 and...
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Question 1) At the beginning of the year, Oetting Company had total assets of $777,000 and total liabilities of $555,000. (Treat each case independently.) a. If total assets doubled during the year, and total liabilities decreased by 50%, what is the amount of stockholders' equity at the end of the year? b. During the year, total liabilities increased $217,000 and stockholders' equity decreased $33,000. What is the amount of total assets at the end of the year? c. If total assets decreased 30% and stockholders' equity increased $222,200 during the year, what is the amount of total liabilities at the end of the year? Question 1) At the beginning of the year, Oetting Company had total assets of $777,000 and total liabilities of $555,000. (Treat each case independently.) a. If total assets doubled during the year, and total liabilities decreased by 50%, what is the amount of stockholders' equity at the end of the year? b. During the year, total liabilities increased $217,000 and stockholders' equity decreased $33,000. What is the amount of total assets at the end of the year? c. If total assets decreased 30% and stockholders' equity increased $222,200 during the year, what is the amount of total liabilities at the end of the year?
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