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19 November, 17:52

At the beginning of the year, Tektron Company had total assets of $600,000 and total liabilities of $300,000. If the total assets increased $100,000 and the total liabilities decreased $70,000, what is the amount of stockholders' equity at the end of the year?

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  1. 19 November, 18:14
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    what is the amount of stockholders' equity at the end of the year is $470000

    Explanation:

    y1 Variation y2

    Assets 600000 100000 700000

    Liabilities 300000 - 70000 230000

    Equity 300000 470000
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