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At the beginning of the year, Gonzales Company had total assets of $831,820 and total liabilities of $453,640. Answer the following questions.
(a) If total assets increased $164,300 during the year and total liabilities decreased $79,650, what is the amount of stockholders' equity at the end of the year?
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You invest $1,000 a year for ten years at 10 percent and then invest $2,000 a year for an additional ten years at 10 percent. How much will you have accumulated at the end of the 20 years?
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Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accou..
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