At the beginning of the year, Fourman Corporation's assets were $270,000 and its stockholders' equity was $243,000 . During the year, assets decreased $35,000 and liabilities increased $10,000 . What was the stockholders' equity at the end of the year?
$198,000 [($270,000 – $35,000) – ($27,000 + $10,000)]
Business
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