At the beginning of the year, Carla Vista Company had total assets of $897,000 and total liabilities of $515,000. (Treat each item independently.)

(a) If total assets increased $140,000 during the year and total liabilities decreased $84,000, what is the amount of stockholders’ equity at the end of the year?

Stockholders’ equity		606000

(b) During the year, total liabilities increased $103,000 and stockholders’ equity decreased $78,000. What is the amount of total assets at the end of the year?

Total assets		____________

(c) If total assets decreased $86,000 and stockholders’ equity increased $106,000 during the year, what is the amount of total liabilities at the end of the year?

Total liabilities		___________

Answer rating: 100% (QA)

CALCULATION OF ABOVE GIVEN QUESTION SHAREHOLDERS EQUITY 8... View the full answer