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What is total stockholders equity at the beginning of year

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Question - At the beginning of the year, Morgan Company had total assets of $470,000 and total liabilities of $285,000.

a. What is total stockholders' equity at the beginning of the year?

b. If during the year, total assets increased by $85,000 and total liabilities increased by $38,000, what is the amount of total stockholders' equity at the end of the year?

c. If during the year, total assets decreased by $65,000 and total stockholders' equity increased by $45,000, what is the amount of total liabilities at the end of the year?

d. If during the year, total liabilities increased by $95,000 and total stockholders' equity decreased by $75,000, what is the amount of total assets at the end of the year?

Reference no: EM133189356

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