At the beginning of the year, Addison Company's assets are $177,000 and its equity is $132,750. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at the end of the year?
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- At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increase by $80,000, and at year-end assets equal $180,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity?The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,202,600 Property, plant, and equipment (net) Liabilities: $173,000 Current liabilities 859,000 Note payable, 6%, due in 15 years $1,032,000 Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $619,200 Common stock, $10 par (no change during year) 619,200 Retained earnings: $660,000 Balance, beginning of year Net income $974,000 314,000 Preferred dividends $24,768 148,400 Common dividends 123,632 Balance, end of year 825,600 Total stockholders' equity $2,064,000 $19,922,100 Sales Interest expense $51,540 Assuming that total assets were $2,941,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?
- At the beginning of the year, Quaker Company's liabilities equal $70,000. During the year, assets increase by $60,000, and at year - end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equity?Capital introduced is $50. Profits brought forward at the beginning of the year amount to $100 and liabilities are $70. Assets are $90. What is the retained profit for the year?QUESTION: At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increase by $80,000, and at year-end assets equal $180,000. Liabilities decrease by $10,000 during the year. What are the beginning and ending amounts of equity?
- Give true answerThe following information is available for Advanced Micro Devices (AMD) for the current year: Assets at beginning of year $ ?Assets at end of year $4,556,000,000Liabilities at beginning of year $2,956,000,000Liabilities at end of year $ ?Stockholders’ equity at end of year $ ? During the year, AMD’s assets increased by $1,004,000,000 and its liabilities increased by $334 million. Calculate AMD’s stockholders’ equity at the end of the year. Do NOT include the dollar sign ($) when you enter your answer.What are the beginning and ending amount of equity ??
- What is the equity at year-end? for this general account queNet income was $448,600 in the current year and $365,500 in the prior year. The year-to- year percentage change in net income is an increase of: Multiple Choice 19%. 81%. 49%. 23%.What do the following data, taken from a comparative balance sheet, indicate about the company’s ability to borrow additional long-term debt in thecurrent year as compared to the preceding year? Current Year Preceding YearFixed assets (net) $1,260,000 $1,360,000Total long-term liabilities 300,000 400,000