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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What is the equity at the end of the year

At the beginning of the year, Anderson
Corporation's assets are $275,000 and its
equity is $198,000. During the year, assets
increase by $95,000 and liabilities
increase by $58,000. What is the equity
at the end of the year?
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Transcribed Image Text:At the beginning of the year, Anderson Corporation's assets are $275,000 and its equity is $198,000. During the year, assets increase by $95,000 and liabilities increase by $58,000. What is the equity at the end of the year?
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