During the year assets increased 15000 and liabilities


Question - On January 1, 2010, NWK, Inc.'s assets were $300,000 and its stockholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000. What was the stockholders' equity on December 31, 2010?

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Accounting Basics: During the year assets increased 15000 and liabilities
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