ure I https://edugen.wileyplus.com/edugen/student/mainfr.un Assignment CALCULATO

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ure I https://edugen.wileyplus.com/edugen/student/mainfr.un Assignment CALCULATOR FULL SCREEN PR?NTER VERSION ·BACK- URCES Brief Exercise 188 At the beginning of the year, Gant Company had total assets of $660,000 and total iabilities of $300,000. Answer the following questions viewing each situation as being independent of the others (1) If total assets increased $225.000 during the year, and total liabilties decreased $100,000, what is the amount of stockholders' equity at the end of the year? (2) During the year, total liabilities increased $215,000 and stockholders equity decreased $130,000. What is the amount of total assets at the end of the year? (3) If total assets decreased $60,000 and stockholders' equity increased $150,000 during the year, what is the amount of total liabilities at the end of the year? (1) Stockholders' equity at the end of the years (2) Total assets at the end of the year (3) Total liabilities at the end of the year Click if you would like to Show Work for this question: gen Sho Name LINK TO TEXT ?? Question Attempts: 0 of 1 used SAVE FOR LATER

Explanation / Answer

1 Stockholders' equity = (660000-300000)+225000+100000= $685000 2 Total assets = 660000+215000-130000= $745000 3 Total liabilities = 300000-60000-150000= $90000

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