Question
Please help...ill rate answers.... 31. a. Office Mart has assets equal to $180,000 and liabilities equal to $152,000 at year-end. What is the total equity
Please help...ill rate answers....
a. | Office Mart has assets equal to $180,000 and liabilities equal to $152,000 at year-end. What is the total equity for Office Mart at year-end? |
Total equity | $ |
b. | At the beginning of the year, Logan Company's assets are $185,000 and its equity is $138,750. During the year, assets increase $80,000 and liabilities increase $53,000. What is the equity at the end of the year? |
Equity at the end of the year | $ |
c. | At the beginning of the year, Keller Company's liabilities equal $75,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $20,000 during the year. What are the beginning and ending amounts of equity? |
Beginning equity | $ |
Ending equity | $ |
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