At the beginning of 2007, Buck Corporation had assets of $540,000 and liabilities of $320,000. During the year, assets increased by $50,000 and liabilities decreased by $10,000. What was the total amount of stockholders' equity at the end of 2007?
A. $220,000
B. $280,000
C. $380,000
D. $500,000
Ans: B. $280,000
Business
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