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Puffin Cobegan the Year with Assets of $120,000 and Liabilities of of $90,000.During

Question 41

Multiple Choice

Puffin Co.began the year with assets of $120,000 and liabilities of $90,000.During the year assets increased by $14,400 and liabilities decreased by $10,800. What is the amount of the change in Puffin's stockholders' equity during the year?


A) $3,600 increase
B) $25,200 increase
C) $25,200 decrease
D) $3,600 decrease

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