A. At The Beginning Of The Year, Addison Company's Assets Are $184,000 And Its Equity Is $138,000. During The Year, Assets Increase $80,000 And Liabilities Increase $50,000. What Is The Equity At The End Of The Year?

 

a.

At the beginning of the year, Addison Company's assets are $184,000 and its equity is $138,000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at the end of the year?

b.

Office Store has assets equal to $203,000 and liabilities equal to $176,000 at year-end. What is the total equity for Office Store at year-end?

c.	At the beginning of the year, Quaker Company's liabilities equal $54,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $16,000 during the year. What are the beginning and ending amounts of equity?