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Submitted by mlcmje on Mon, 2013-04-15 18:39
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At the beginning of the...

At the beginning of the year, Hernandez Company had total assets of $800,000 and total liabilities of $500,000. Answer the...

At the beginning of the year, Hernandez Company had total assets of $800,000 and total liabilities of $500,000. Answer the following questions. If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of owner's equity at the end of the year?

Answer
Submitted by rubyCpaMba on Tue, 2014-01-07 22:49
teacher rated 72 times
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Correct w/ Solutions! Accountant you can trust !

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xxxxxxxx xxxxxxx

 

Owner's xxxxxxx xxx of xxx Year x Assets x Liabilities

xxxxxxx Equity, xxx of the Year = (800000 x 150000) x (500000 x 80000)

Owner's Equity, xxx xx xxx xxxx = 950000 - xxxxxx

xxxxxxx xxxxxxx xxx of the xxxx x x 530,000

 

 

 

Goodluck ! I wish xxx the xxxx !

xx

xxx issues xx xxxxxxxxx please contact xx xxxxx xx we can xxxxxx it xxxxxxxxx

xx


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