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    Blackstone Company: Stockholder's Equity at December 2009

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    On January 1, 2009, Blackstone Company reported assets of $1,000,000 and liabilities of $600,000. During 2009 assets decreased by $200,000 and Stockholders' Equity decreased $250,000. What is the amount of Stockholder's Equity at December 31, 2009.

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    Solution Preview

    This question is seeing if you know how to use the accounting equation:

    Assets = liabilities + equity.

    This must always stay in balance, so a shift in one ...

    Solution Summary

    The expert examines Blackstone Company for stockholder`s equity at December 2009.