Question

At the beginning of the year, Tektron Company had total assets of $600,000 and total liabilities of $300,000. If the total assets increased $100,000 and the total liabilities decreased $70,000, what is the amount of stockholders’ equity at the end of the year?

Answer 1

what is the amount of stockholders’ equity at the end of the year is $470000

Step-by-step explanation:

y1 Variation y2

Assets 600000 100000 700000

Liabilities 300000 -70000 230000

Equity 300000 470000