Using the Basic Accounting Equation

Henderson Company had beginning$-$of$-$the$-$year total assets of $$500,000$

and total liabilities of $$300,000.$

a$.$ If during the year total assets increased by $$25,000$ and total liabilities increased by $$30,000,$ what is the end$-$of$-$year total stockholders$$ equity?

$Answer

$195,000$

b$.$ If during the year total assets increased by $$50,000$ and total liabilities decreased by $$10,000,$ what is the end$-$of$-$year total stockholders$$ equity?

$Answer

$260,000$

c$.$ If during the year total liabilities increased by $$20,000$ and total stockholders' equity increased by $$30,000,$ what are the end$-$of$-$year total assets?

$Answer