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19 May, 09:05

A. at the beginning of the year, addison company's assets are $273,000 and its equity is $204,750. during the year, assets increase $80,000 and liabilities increase $59,000. what is the equity at year-end?

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  1. 19 May, 10:17
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    273,000 + 80,000 = 353,000

    273,000 - 204,750 = 68,250

    68,250 + 59,000 = 127,250

    353,000 - 127,250 = 225,750 ending equity
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