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SOURCES Brief Exercise 1-09 At the beginning of the year, Crane Company had total assets of $806,000 and total liabilities of $595,000. (Treat each item
SOURCES Brief Exercise 1-09 At the beginning of the year, Crane Company had total assets of $806,000 and total liabilities of $595,000. (Treat each item independently.) (a) If total assets increased $189,000 during the year and total liabilities decreased $88,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity by Study (b) During the year, total liabilities increased $91,000 and stockholders' equity decreased $77,000. What is the amount of total assets at the end of the year? Total assets (c) If total assets decreased $83,000 and stockholders' equity increased $101,000 during the year, what is the amount of total abilities at the end of the year? Total liabilities Click if you would like to show Work for this questioni Open Show Work
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