Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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General accounting

At the beginning of the year, Addison
Company's assets are $177,000 and its equity
is $132,750. During the year, assets increase
$80,000 and liabilities increase $55,000. What
is the equity at the end of the year?
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Transcribed Image Text:At the beginning of the year, Addison Company's assets are $177,000 and its equity is $132,750. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at the end of the year?
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Intermediate Financial Management (MindTap Course...
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning