Using the Basic Accounting Equation Henderson Company had beginning-of-the-year total assets of $480,000 and total liabilities of $288,000.
a. If during the year total assets increased by $24,000 and total liabilities increased by $64,000, what is the end-of-year total stockholders’ equity?
b. If during the year total assets increased by $96,000 and total liabilities decreased by $8,000, what is the end-of-year total stockholders’ equity?
c. If during the year total liabilities increased by $64,000 and total stockholders’ equity increased by $56,000, what are the end-of-year total assets?