Find the amount of total liabilities at the end of the year

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Question - At the beginning of the year, Morales Company had total assets of $900,000 and total liabilities of $400,000. (Treat each item independently.) If total assets decreased $180,000 and stockholders' equity increased $110,000 during the year, find the amount of total liabilities at the end of the year?

Reference no: EM132635253

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