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QUESTION 2: At the beginning of the year, Gilles Company had total assets of JDB00,000 and total liabilities of JD300,000 Answer the following questions, a.
QUESTION 2: At the beginning of the year, Gilles Company had total assets of JDB00,000 and total liabilities of JD300,000 Answer the following questions, a. Il total assets increased JD150,000 during the year and total liabilities decreased JD60,000, what is the amount of owner's equity at the end of the year? b. During the year, total liabilities increased JD100,000 and owner's equity decreased JD 70,000. What is the amount of total assets at the end of the year? c. I total assets decreased JD 80,000 and owner's equity increased JD120,000 during the year, what is the amount of total liabilities at the end of the year
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