At the beginning of the year, Monty Company had total assets of $819,000 and total liabilities of $442,000. Answer the following questions. (a) If total assets increased $164,000 during the year and total liabilities decreased $64,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity $ (b) During the year, total liabilities increased $112,000 and stockholders’ equity decreased $61,000. What is the amount of total assets at the end of the year? Total assets $ (c) If total assets decreased $54,000 and and owner’s equity increased $105,000 during the year, what is the amount of total liabilities at the end of the year?
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At the beginning of the year, Monty Company had total assets of $819,000 and total liabilities of $442,000. Answer the following questions.
(a) If total assets increased $164,000 during the year and total liabilities decreased $64,000, what is the amount of
Stockholders’ equity
$
(b) During the year, total liabilities increased $112,000 and stockholders’ equity decreased $61,000. What is the amount of total assets at the end of the year?
Total assets
$
(c) If total assets decreased $54,000 and and owner’s equity increased $105,000 during the year, what is the amount of total liabilities at the end of the year?
Total liabilities
$
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