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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.)
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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