Estimate what amount of total assets at the end of the year

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Problem 1: At the beginning of the year, Carla Vista Company had total assets of $712,000 and total liabilities of $210,000. Answer the following independent question. During the year, total liabilities increased $124,000 and owner's equity decreased $70,000. What is the amount of total assets at the end of the year?

Reference no: EM132759714

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