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  3. at the beginning of the year crane ltd had total...

Question: at the beginning of the year crane ltd had total...

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At the beginning of the year, Crane Ltd. had total assets of $710,000 and total liabilities of $400,000. During the year, Crane’s total liabilities decreased by $100,000. The company reported net income of $90,000, sold additional shares for $130,000, and did not declare any dividends during the year. What is the amount of total assets at the end of the year?

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