Your answer is partially correct.
At the beginning of the year, Ayayai Company had total assets of $820,000 and total liabilities of $505,000. Answer the following
questions.
(a) If total assets increased $150,000 during the year and total liabilities decreased $51,000, what is the amount of stockholders'
equity at the end of the year?
Stockholders' equity
$
516000
(b) During the year, total liabilities increased $137,000 and stockholders' equity decreased $51,000. What is the amount of total
assets at the end of the year?
Total assets
$
(c) If total assets decreased $63,000 and stockholders' equity increased $113,000 during the year, what is the amount of total
liabilities at the end of the year?
Total liabilities
$
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