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a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is $216,000. During the year, assets increase $80,000 and liabilities
a. At the beginning of the year, Addison Company's assets are $288,000 and its equity is $216,000. During the year, assets increase $80,000 and liabilities increase $48,000. What is the equity at year-end? Assets Liabilities + $ $ $ Beginning Change Ending 288,000 = 80,000 = 72,000 + 48,000 + Equity 216,000 32,000: + b. Office Store Co. has assets equal to $111,000 and liabilities equal to $85,000 at year-end. What is the equity for Office Store Co. at year-end? Assets Liabilities + Equity 111,000 = $ 85,000 +
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