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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On January 1, 2018, Race Corp. acquired 80% of the voting common stock of Gallow Inc. During the year, Race sold to Gallow for $450,000 goods that cost $330,000. At year-end, Gallow owned 15% of the goods transferred.
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