Henderson Company had beginning-of-the-year total assets of $360,000 and total liabilities of $216,000.a. If during the year total assets increased by $18,000 and total liabilities increased by $48,000, what is the end-of-year total stockholders’ equity?$Answer114,000b. If during the year total assets increased by $72,000 and total liabilities decreased by $6,000, what is the end-of-year total stockholders’ equity?$Answer222,000c. If during the year total liabilities increased by $48,000 and total stockholders’ equity increased by $42,000, what are the end-of-year total assets?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.