At the beginning of the year, Logan company's assets are $200,000 and its equity is $150,000. during the year, assets increase $70,000 and liabilities increase $30,000. What is the equity at the end of the year?
4 answers
190,000
A COMPANY BEGAN WITH THE YEAR WITH ASSETS OF $100,000 AND LIABILITIES OF $75,000. during THE YEAR ASSETS INCREASED BY 12,000 AND LIABILITIES DECREASED BY $9,000? HOW DO I SOLVE THE PROBLEM?
A COMPANY BEGAN WITH THE YEAR WITH ASSETS OF $100,000 AND LIABILITIES OF $75,000. during THE YEAR ASSETS INCREASED BY 12,000 AND LIABILITIES DECREASED BY $9,000? HOW DO I SOLVE THE PROBLEM?
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