LACICIE Prarra a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,00Ó. What is the equity at year-end? Assets Liabilities Equity Beginning s 20000| Change 80,000 = Ending $ 150,000 46,000
LACICIE Prarra a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,00Ó. What is the equity at year-end? Assets Liabilities Equity Beginning s 20000| Change 80,000 = Ending $ 150,000 46,000
Chapter1: Financial Statements And Business Decisions
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a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets
increase $80,000 and liabilities increase $46,000. What is the equity at year-end?
Assets
Liabilities
Equity
Beginning
$ 200,000 =
150,000
Change
80,000 =
46,000 +
Ending
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