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At the beginning of the year, Shaolin Company had total assets of $520,000 and total liabilities of $210,000. Answer the following questions viewing each situation as being independent of the others. (1) If total assets increased $200,000 during the year, and total liabilities decreased $75,000, what is the amount of stockholders' equity at the end of the year

Respuesta :

The amount of stockholders' equity at the end of the year is $585,000.

What is the accounting equation?

The accounting equation is also known as the balance sheet equation. It relates the assets of a business to its liabilities and stockholders' equity. According to the accounting equation: Assets = stockholders' equity + liabilities

What is the stockholders' equity?

Stockholders' equity = assets - liabilities

Stockholders' equity = ($520,000 + $200,000) - ($210,000 - $75,000)

Stockholders' equity = $720,000 - $135,000

Stockholders' equity = $585,000

To learn more about stockholders' equity, please check: https://brainly.com/question/23828880

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