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, Parker Corporation's
assets are $350,000 and its equity is $250,000. During
the year, assets increase $90,000 and liabilities
increase $45,000. What is the equity at the end of the
year?
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Transcribed Image Text:At the beginning of the year, Parker Corporation's assets are $350,000 and its equity is $250,000. During the year, assets increase $90,000 and liabilities increase $45,000. What is the equity at the end of the year?
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