Quinn Arellano

Business

30 April, 08:37

At the beginning of the year, Morales Company had total assets of $882,000 and total liabilities of $576,000. (Treat each item independently.) (A) If total assets increased $172,000 during the year and total liabilities decreased $83,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity $Entry field with correct answer (B) During the year, total liabilities increased $109,000 and stockholders' equity decreased $71,000. What is the amount of total assets at the end of the year? Total assets $Entry field with incorrect answer now contains modified data (C) If total assets decreased $83,000 and stockholders' equity increased $100,000 during the year, what is the amount of total liabilities at the end of the year? Total liabilities $Entry field with incorrect answer now contains modified data