At the beginning of the year, Logan Company's assets are dollar 200,000 and its equity is dollar 150,000. During the year, assets increase dollar 70,000 and liabilities increase dollar 30,000. What is the equity at the end of the year?

At the beginning of the year, Logan Company's assets are dollar 200,000 and its equity is dollar 150,000. During the year, assets increase dollar 70,000 and liabilities increase dollar 30,000. What is the equity at the end of the year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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abc general accountions

At the beginning of the year, Logan Company's assets are dollar 200,000
and its equity is dollar 150,000. During the year, assets increase dollar
70,000 and liabilities increase dollar 30,000. What is the equity at the end
of the year?

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