At the beginning of the year, Sun Company's assets were $275,000, and its stockholders equity was $150,000. During the year, assets increased $75,000 and liabilities decreased $22,500. What is the stockholders equity at the end of the year?

At the beginning of the year, Sun Company's assets were $275,000, and its stockholders equity was $150,000. During the year, assets increased $75,000 and liabilities decreased $22,500. 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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At the beginning of the year, Sun Company's assets were $275,000, and
its stockholders equity was $150,000. During the year, assets increased
$75,000 and liabilities decreased $22,500.
What is the stockholders equity at the end of the year?

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