At the beginning of the year, Ivanhoe Company had total assets of $834,000 and total liabilities of $546,000. During the year, total liabilities increased by $104,000 and stockholders' equity decreased by $60,000. What is the amount of total assets 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 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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At the beginning of the year, Ivanhoe company had total assets of $834,000 and total liabilities of $546,000...

At the beginning of the year, Ivanhoe Company
had total assets of $834,000 and total liabilities of
$546,000. During the year, total liabilities increased
by $104,000 and stockholders' equity decreased by
$60,000. What is the amount of total assets at the
end of the year?
Transcribed Image Text:At the beginning of the year, Ivanhoe Company had total assets of $834,000 and total liabilities of $546,000. During the year, total liabilities increased by $104,000 and stockholders' equity decreased by $60,000. What is the amount of total assets at the end of the year?
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