At the beginning of the year, Sandhill Company had total assets of $865,000 and total liabilities of $528,000.
(Treat each item independently.)

(a) If total assets increased $180,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders' equity at the end of the year?
 
(b) During the year, total liabilities increased $101,000 and stockholders' equity decreased $72,000. What is the amount of total assets at the end of the year?

(c) If total assets decreased $87,000 and stockholders' equity increased $117,000 during the year, what is the amount of total liabilities at the end of the year?

Answer rating: 100% (QA)

a Beginning total assets Increase in total assets Ending total assets Beginning total liab... View the full answer