Question: Using the Basic Accounting Equation Floyd Company had beginning-of-the-year total assets of ($ 320,000) and total liabilities of ($ 180,000). a. If during the year

Using the Basic Accounting Equation Floyd Company had beginning-of-the-year total assets of $\$ 320,000$ and total liabilities of $\$ 180,000$.

a. If during the year total assets increased by $\$ 15,000$ and total liabilities increased by $\$ 40,000$, what is the end-of-year total stockholders' equity?

b. If during the year total assets increased by $\$ 60,000$ and total liabilities decreased by $\$ 5,000$, what is the end-of-year total stockholders' equity?

c. If during the year total liabilities increased by $\$ 40,000$ and total stockholders' equity increased by $\$ 35,000$, what are the end-of-year total assets?

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