On January 1,Year 3,Wayfarer Co

question 193

Essay

On January 1,Year 3,Wayfarer Co.'s assets were $240,000 and its stockholders' equity was $112,000.During the year,assets increased $12,000 and liabilities decreased $8,000.
Required:
Determine the amount of stockholders' equity at December 31,Year 3.

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Definitions:

Ecosystem

A biological community of interacting organisms and their physical environment, considered as a system of energy flow and nutrient cycling.

Habitat

Type of environment in which a species typically lives.

Community

A group of interacting organisms sharing an environment, often considered within the context of ecological studies of how various species relate to each other within a shared space.

Niche

The role or function of an organism or species within an ecosystem, including its habitat, resource use, and contributions to its community.