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a. At the beginning of the year, Addison Company's assets are $275,000 and its equity is $206,250. During the year, assets increase $80,000 and
a. At the beginning of the year, Addison Company's assets are $275,000 and its equity is $206,250. During the year, assets increase $80,000 and liabilities increase $59,000. What is the equity at year-end? b. Office Store Company has assets equal to $270,000 and liabilities equal to $238,000 at year-end. What is the equity for Office Store Company at year-end? c. At the beginning of the year, Quaker Company's liabilities equal $67,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $6,000 during the year. What are the beginning and ending amounts of equity? Complete this question by entering your answers in the tabs below. Required A Required B Required C At the beginning of the year, Addison Company's assets are $275,000 and its equity Is $206,250. During the year, assets Increase $80,000 and liabilities increase $59,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 275,000 = + $ 206,250 Change 80,000 = 59,000+ Ending
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