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At the beginning of the year, Morales Company had total assets of $834,000and total liabilities of $546,000. (Treat each item independently.

At the beginning of the year, Morales Company had total assets of $834,000 and total liabilities of $546,000. (Treat each item independently.)

During the year, total liabilities increased $104,000 and stockholders' equity decreased $60,000. What is the amount of total assets at the end of the year?

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Ending  Total liabilities = 546000 + 104000 =  650000 Ending  Stock... View the full answer

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