At the beginning of the year, Addison Company's assets are $259,000 and its equity is $194,250. During the year, assets increase $80,000 and liabilities increase $52,643. What is the equity at the end of the year?
Add your answer here.
Check out some similar questions!
How to determine total liabilities at the end of the year in accounting [ 2 Answers ]
Total assets $120,00, Stockholdedrs' equity is $40,000, during the year income earned is $90,000, and paid $20,000 in dividends. Total assets at the end of the year were $215,000. What was the total liabilities at the end of the year?
Year end total revenue from total expenses [ 2 Answers ]
I have a financial statement for a non-profit for four clinics, where you have to fill in the missing values. If you have a missing value for total revenue and have the value for total expenses and visa versa. How do you calculate the missing value? Do you obtain it from the...
How to find net realizable value for year-end accounts Recievable [ 1 Answers ]
So first I have to find the year end accs. Recievable... I have: beginning A/R allowance for doubtful accounts sales (w/ 80% on credit) collection and write offs
How to find Total Liabilties, Total Stockholder's Equity? [ 0 Answers ]
Net Income $765 Net Sales $36,762 Profit Margin 2.1% Net Sales $36,762 Average Total Assets ($15,719 + $16,078) divided by 2 = $15,898.5 Asset Turnover 2.3 times Net Income $765 Average Total Assets (from...
Find total equity for year end? [ 1 Answers ]
How do I find the equity for the following using the accounting equation? :confused: An company has assets equal to $123,000 and liabilities equal to $47,000 at year end. How do I figure out what the total equity for the year end would be? This is all the information I have available to me. ...
View more questions Search