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Total assets amounted to $575,000 for 2018. Total equity amounted to $850,000 for 2019. What is the percentage of increase of the total equity?

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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Total assets amounted to $575,000 for 2018. Total equity amounted to $850,000 for 2019. What is the percentage of increase of the total equity?

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