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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Accounting Basics: Determine the equity at the end of the year
Reference No:- TGS088744

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