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QUESTION: 48 Company W's balance sheet has $74,403,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Company W's book value? a. $72,403,000 b. $25,680,000 c. $68,403,000 d. $76,403,000 QUESTION:49 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?

QUESTION: 48 Company W's balance sheet has $74,403,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Company W's book value? a. $72,403,000 b. $25,680,000 c. $68,403,000 d. $76,403,000 QUESTION:49 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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION: 48 Company W's balance sheet has $74,403,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Company W's book value? a. $72,403,000 b. $25,680,000 c. $68,403,000 d. $76,403,000 QUESTION:49 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?
Transcribed Image Text:QUESTION: 48 Company W's balance sheet has $74,403,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Company W's book value? a. $72,403,000 b. $25,680,000 c. $68,403,000 d. $76,403,000 QUESTION:49 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?
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