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Exercise 1-9 Parta a. At the beginning of the year, Addison Company's assets are $237,000 and its equity is $177,750. During the year, assets increase
Exercise 1-9 Parta a. At the beginning of the year, Addison Company's assets are $237,000 and its equity is $177,750. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at the end of the year? Assets =| Liabilities +Equity Beginning | $ 237,000 | = 177,750 80,000 50,000 Ending
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