At the beginning of the year, Morales Company had total assets of $845,000 and total liabilities of $532,000. If total assets increased $150,000 during the year and total liabilities decreased $75,000, what is the amount of stockholders' equity at the end of the year?

At the beginning of the year, Morales Company had total assets of $845,000 and total liabilities of $532,000. If total assets increased $150,000 during the year and total liabilities decreased $75,000, what is the amount of 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

What is the amount of stockholders' equity at the end of the year?

At the beginning of the year, Morales
Company had total assets of $845,000 and
total liabilities of $532,000. If total assets
increased $150,000 during the year and
total liabilities decreased $75,000, what is
the amount of stockholders' equity at the
end of the year?

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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