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View Policies Current Attempt in Progress At the beginning of the year, Canon Company had total assets of $870,000 and total liabilities of $500,000.
View Policies Current Attempt in Progress At the beginning of the year, Canon Company had total assets of $870,000 and total liabilities of $500,000. Answer the following questions individually. For each question, start with the original facts, but do not take the facts of (a) into consideration when answering (b) and do not take the facts of (a) and (b) into consideration when answering (c). (a) If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity $ (b) During the year, total liabilities increased $100,000 and stockholders' equity decreased $66,000. What is the amount of total assets at the end of the year? Total assets $ (c) If total assets decreased $80,000 and stockholders' equity increased $120,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities $
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