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Bright Solutions began 2023 with assets of $610,000 and liabilities of $190,000. During the year, assets increased by $78,000 and liabilities increased by $52,000. What is the stockholders' equity at year-end 2023?

Bright Solutions began 2023 with assets of $610,000 and liabilities of $190,000. During the year, assets increased by $78,000 and liabilities increased by $52,000. What is the stockholders' equity at year-end 2023?

Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter2: Financial Statements, Cash Flow,and Taxes
Section: Chapter Questions
Problem 16P
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Financial Accounting

Bright Solutions began 2023 with assets of $610,000 and liabilities of $190,000. During the year, assets increased by $78,000 and liabilities increased by $52,000. What is the stockholders' equity at year-end 2023?
Transcribed Image Text:Bright Solutions began 2023 with assets of $610,000 and liabilities of $190,000. During the year, assets increased by $78,000 and liabilities increased by $52,000. What is the stockholders' equity at year-end 2023?
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