At the beginning of the year, Greenfield Enterprises had assets worth $320,000 and stockholders' equity of $180,000. During the year, assets increased by $90,000, and liabilities decreased by $30,000. What is the stockholders' equity at the end of the year?

At the beginning of the year, Greenfield Enterprises had assets worth $320,000 and stockholders' equity of $180,000. During the year, assets increased by $90,000, and liabilities decreased by $30,000. What is the stockholders' equity at the end of the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Please solve this question general accounting

At the beginning of the year, Greenfield Enterprises
had assets worth $320,000 and stockholders' equity of
$180,000. During the year, assets increased by
$90,000, and liabilities decreased by $30,000.
What is the stockholders' equity at the end of the
year?

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