Henderson Company had beginning-of-the-year total assets of $360,000 and total liabilities of $216,0
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Henderson Company had beginning-of-the-year total assets of $360,000 and total liabilities of $216,000.
a. If during the year total assets increased by $18,000 and total liabilities increased by $48,000, what is the end-of-year total stockholders’ equity?
$Answer
114,000
b. If during the year total assets increased by $72,000 and total liabilities decreased by $6,000, what is the end-of-year total stockholders’ equity?
$Answer
222,000
c. If during the year total liabilities increased by $48,000 and total stockholders’ equity increased by $42,000, what are the end-of-year total assets?
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