Solution-What are the end-of-year total assets

What are the end-of-year total assets

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Reference no: EM132620679

Question - Floyd Company had beginning-of-the-year total assets of $320,000 and total liabilities of $180,000.

a. If during the year total assets increased by $15,000 and total liabilities increased by $40,000, what is the end-of-year total stockholders' equity?

b. If during the year total assets increased by $60,000 and total liabilities decreased by $5,000, what is the end-of-year total stockholders' equity?

c. If during the year total liabilities increased by $40,000 and total stockholders' equity increased by $35,000, what are the end-of-year total assets?

Reference no: EM132620679

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What are the end-of-year total assets

Reference no: EM132620679

Reference no: EM132620679

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