Determine the equity at the end of the year
At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at the end of the year?
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under what circumstances can water-solubles vitamins be toxic?
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On December 1, 2011, the company received $3,000 in cash from another company that is renting office space in Falwell's building. The payment, representing rent for December and January, was credited to unearned rent revenue.
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