Question
In the beginning, assets were $150,000 and equity was $100,000. During the year, assets increased by $30,000 and liabilities increased by $15,000. What was equity
In the beginning, assets were $150,000 and equity was $100,000. During the year, assets increased by $30,000 and liabilities increased by $15,000. What was equity at the end of the year? You must show your work.
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
