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?
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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
Goodluck x I wish xxx the xxxx x
xxx xxxxxx or concerns, please contact xx first xx we can xxxxxx xx xxxxxxxxx