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