answers to A-C

Answer the following questions. (Hint: Use the accounting equation.) a. At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at year-end? b of Soeas wqual 1o 5123,00 and iailfi cqal to 547,00 at year-end. What is thre c. At the beginning of the year, Quaker Company's liabilities equal $70,000. During the year, assets in- crease by $60,000, and at year-end assets equal $190,000. Liabilities decrease $5,000 during the year. -end? What are the beginning and ending amounts of equity