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28 Sep 2019
At the beginning of the year, Hernandez Company had total assets of$800,000 and total liabilities of $500,000. Answer the followingquestions.
(a) If total assets increased $150,000 during the year and totalliabilities decreased $80,000, what is the amount of owner's equityat the end of the year?
$
(b) During the year, total liabilities increased $100,000 andowner's equity decreased $70,000 What is the amount of total assetsat the end of the year?
$
(c) If total assets decreased $80,000 and owner's equity increased$120,000 during the year, what is the amount of total liabilitiesat the end of the year?
At the beginning of the year, Hernandez Company had total assets of$800,000 and total liabilities of $500,000. Answer the followingquestions.
(a) If total assets increased $150,000 during the year and totalliabilities decreased $80,000, what is the amount of owner's equityat the end of the year?
$
(b) During the year, total liabilities increased $100,000 andowner's equity decreased $70,000 What is the amount of total assetsat the end of the year?
$
(c) If total assets decreased $80,000 and owner's equity increased$120,000 during the year, what is the amount of total liabilitiesat the end of the year?
(a) If total assets increased $150,000 during the year and totalliabilities decreased $80,000, what is the amount of owner's equityat the end of the year?
$
(b) During the year, total liabilities increased $100,000 andowner's equity decreased $70,000 What is the amount of total assetsat the end of the year?
$
(c) If total assets decreased $80,000 and owner's equity increased$120,000 during the year, what is the amount of total liabilitiesat the end of the year?
Nestor RutherfordLv2
28 Sep 2019
