Answer
(a) Total Stockholder's Liabilities = 530,000 dollars
(b) Total Assets = 830,000 dollars
(c) Total Liabilities = 310,000 dollars
Work Step by Step
Assets = Liabilities + Stockholder's Liability
At the beginning of the year -
Total Assets - 800,000 dollars
Total Liabilities - 500,000 dollars
800,000 = 500,000 + Stockholder's Liabilities
Stockholder's Liabilities = 300,000
(a) Total Assets = 800,000 + 150,000 = 950,000 dollars
Total Liabilities = 500,000 - 80,000 = 420,000 dollars
950,000 = 420,000 + Total Stockholder's liabilities
Total Stockholder's liabilities = 530,000 dollars
(b) Total Liabilities = 500,000 +100,000 = 600,000 dollars
Total Stockholder's liabilities = 300,000 - 70,000 = 230,000
Total Assets = 600,000 + 230,000 = 830,000 dollars
(c) Total Assets = 800,000 - 80,000 = 720,000 dollars
Total Stockholder's liabilities = 300,000 + 110,000 = 410,000 dollars
720,000 = Total Liabilities + 410,000
Total Liabilities = 720,000 - 410,000 = 310,000 dollars
