# Brief Exercise 1-9 At the beginning of the year, Goren Company had total assets of \$856,100 and t

January 31, 2017

Question
Brief Exercise 1-9

At the beginning of the year, Goren Company had total assets of \$856,100 and total liabilities of \$519,000. (Treat each item independently.)

(a) If total assets increased \$177,500 during the year and total liabilities decreased \$82,900, what is the amount of stockholders’ equity at the end of the year?

Stockholders’ equity\$

(b) During the year, total liabilities increased \$104,500 and stockholders’ equity decreased \$65,800. What is the amount of total assets at the end of the year?

Total assets\$.gif” alt=”http://edugen.wileyplus.com/edugen/art2/common/pixel.gif”>

(c) If total assets decreased \$83,400 and stockholders’ equity increased \$101,700 during the year, what is the amount of total liabilities at the end of the year?

Total liabilities\$

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