Multiple Choice
Stockholders' equity at the beginning of the year for ATLAS Inc. was $390,000, while its liabilities totaled $230,000. During the year its assets increased by $75,000; its liabilities decreased by $50,000. Which of these is stockholders' equity at the end of the year for ATLAS Inc.?
A) $107,000
B) $98,000
C) $415,000
D) $515,000
Correct Answer:
Verified
Correct Answer:
Verified
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