What was the amount of the change in total stockholders

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Reference no: EM13131993

A company started the current year with assets of $700,000, liabilities of $350,000 and contributed capital of $200,000. During the current year, assets increased by $400,000, liabilities decreased by $50,000 and contributed capital increased by $275,000. There was no payment of dividends to owners during the year.

What was the amount of the change in total stockholders' equity during the year?

Reference no: EM13131993

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