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At the starting of the year, Hernandez Company had total assets of $872,310 and total liabilities of $497,500.
(a) If total assets enhanced $147,320 during the year and total liabilities reduced $82,430, what is the amount of stockholders' equity at the end of the year ?
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Wyatt and Truett formed a partnership investing $330,000 and $110,000 respectively. Determine their participation in the year''s net income of $420,000 under the following assumpti
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