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Submitted by mlcmje on Mon, 2013-04-15 18:39
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At the beginning of the...
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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 98 times
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Correct w/ Solutions! Accountant you can trust !

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xxxxxxxx Answer:

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Owner's xxxxxxx End of the xxxx x Assets x xxxxxxxxxxx

xxxxxxx xxxxxxx End of the Year x (800000 + 150000) x (500000 x xxxxxx

xxxxxxx xxxxxxx End xx xxx xxxx = xxxxxx x xxxxxx

Owner's Equity, End of xxx Year x x xxxxxxx

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Goodluck x I wish xxx the xxxx x

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xxx xxxxxx or concerns, please contact xx first xx we can xxxxxx xx xxxxxxxxx

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