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What was the stockholders equity at the end of the year

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Question - At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders' equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholders' equity at the end of the year?

a. $146,000

b. $166,000

c. $186,000

d. $96,000

e. $36,000

Reference no: EM132705855

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