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Homework answers / question archive / At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders’ equity of $96,000
At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders’ equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholders’ equity at the end of the year?
Select one:
a. $146,000
b. $166,000
c. $186,000
d. $96,000
e. $36,000
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