rileyeddins1010
11.07.2019 •
Business
At the beginning of the year, morales company had total assets of $845,000 and total liabilities of $532,000. (treat each item independently.) (a) if total assets increased $150,000 during the year and total liabilities decreased $75,000, what is the amount of stockholders' equity at the end of the year?
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Ответ:
Calculation of amount of stockholders' equity at the end of the year;
We can calculate the amount of stockholders' equity at the end of the year with the help of following formula:
Stockholders' equity at the end of the year = Total Assets at the end of the year – Total Liabilities at the end of the year
At the beginning of the year, Morales Company had total assets of $845,000 and total assets increased $150,000 during the year. Hence Total Assets at the end of the year shall be (845000+150000) = $995,000
At the beginning of the year, Morales Company had total liabilities of $532,000 and total liabilities decreased $75,000 during the year. Hence Total Liabilities at the end of the year shall be (532000-75000) = $457,000
Now we can calculate:
Stockholders' equity at the end of the year = Total Assets at the end of the year – Total Liabilities at the end of the year
= 995000-457000 = $538,000
Hence, Stockholders' equity at the end of the year is $538,000
Ответ:
A decrease in injuries and death (APEX)