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Reference no: EM1393711

At the beginning of the year, Peale Company had total assets of $800,000 and total liabilities of $500,000.

(a) If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of stockholders" equity at the end of the year?

(b) During the year, total liabilities increased $100,000 and stockholders" equity decreased $70,000. What is the amount of total assets at the end of the year?

(c) If total assets decreased $80,000 and stockholders" equity increased $110,000 during the year, what is the amount of total liabilities at the end of the year?

Reference no: EM1393711

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