Your Company had beginng of the year total assets of $325,000 and total liabilities of 215,000....

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Your Company had beginng of the year total assets of $325,000 and total liabilities of 215,000. During the year, total assets

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Answer 1

Answer #1

Total Assets at end of the year	$ 360,000	=325000+35000
( Beginning + Increase )

Total Liabilities at end of the year	$ 152,500	=215000-62500
( Beginning - Decrease )

Total Stockholder's Equity	$ 207,500	=360000-152500
( Total assets - Total liabilities )

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Answer 2

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