What is the amount of stockholders equity at the end

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Question

At the beginning of the year, Pina Colada Company had total assets of $968,000 and total liabilities of $586,000. Answer the following questions.

(a) If total assets increased $135,000 during the year and total liabilities decreased $69,000, what is the amount of stockholders' equity at the end of the year?

(b) During the year, total liabilities increased $131,000 and stockholders' equity decreased $67,000. What is the amount of total assets at the end of the year?

(c) If total assets decreased $64,000 and and owner's equity increased $112,000 during the year, what is the amount of total liabilities at the end of the year?

Reference no: EM132363345

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