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vt3027
Sep 29, 2009, 05:13 PM
22. ABC Corporation had total assets of $200,000 and stockholder’s equity of $104,000 at the beginning of the year. During the year, assets increased by $26,000 and liabilities decreased by $41,000. Stockholder’s equity at year’s end totaled:
a. $185,000
b. $67,000
c. $169,000
d. $171,000

Just Looking
Sep 29, 2009, 09:33 PM
If you go with the standard definition

assets = liabilities + equity

you should be able to figure this out. Why not give it a try and post again?