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At the beginning of the year, Pharoah Company had total assets of $ 8 7 1 , 0 0 0 and total liabilities of $
At the beginning of the year, Pharoah Company had total assets of $ and total liabilities of $ Answer the following questions.
a If total assets increased $ during the year and total liabilities decreased $ what is the amount of owners equity at the end of the year?
Owner's equity
b During the year, total liabilities increased $ and owner's equity decreased $ What is the amount of total assets at the end of the year?
Assets $
c If total assets decreased $ and owner's equity increased $ during the year, what is the amount of total liabilies at the end of the year?
LiabilitiesTV
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