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(Solution) - At the beginning of the year Fuqua Company had total

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At the beginning of the year, Fuqua Company had total assets of $800,000 and total liabilities of $500,000.
(a) If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders? equity at the end of the year?
(b) During the year, total liabilities increased $100,000 and stockholders? equity decreased $70,000. What is the amount of total assets at the end of the year?
(c) If total assets decreased $90,000 and stockholders? equity increased $110,000 during the year, what is the amount of total liabilities at the end of the year?

 







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This question was answered on: Jul 11, 2017

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