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At the starting of the year, Fuqua Company had net assets of $800,000 and total liabilities of $500,000.

a) If total assets raised $150,000 throughout the year and total liabilities reduced $80,000, Find out the amount of stockholder's equity at the end of the year?

b) Throughout the year, total liabilities raised $100,000 and stockholder's equity reduced $70,000. Find out the amount of net assets at the end of the year?

c) If total assets reduced $90,000 and stockholder's equity raised $110,000 throughout the year, Find out the amount of total liabilities at the end of the year?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M919080

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