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At the Beginning of the Year,Peters Corporation's Assets Were $150,000

Question 97

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At the beginning of the year,Peters Corporation's assets were $150,000 and its stockholders' equity was $100,000.During the year,assets decreased $30,000 and liabilities increased $15,000.What was the stockholders' equity at the end of the year?

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$55,000 [($150,000 -...

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