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Compute what is amount of total liabilities at end of year

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At the beginning of the year, Blossom Company had total assets of $800,000 and total liabilities of $510,000. (Treat each item independently.)

Question (a) If total assets increased $140,000 during the year and total liabilities decreased $70,000, what is the amount of stockholders' equity at the end of the year?

Question (b) During the year, total liabilities increased $90,000 and stockholders' equity decreased $60,000. What is the amount of total assets at the end of the year?

Question (c) If total assets decreased $80,000 and stockholders' equity increased $100,000 during the year, what is the amount of total liabilities at the end of the year?

Reference no: EM132648200

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