What is the amount of equity at the end of the year

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At the beginning of the year, White Company had total assets of $870,000 and total liabilities of $500 000. Answer the following independent questions.

Problem (a) If total assets increased $150 000 during the year and total liabilities decreased $80 000, what is the amount of equity at the end of the year?

Problem (b) During the year, total liabilities increased $100 000 and equity decreased $70 000. What is the amount of total assets at the end of the year?

Problem (c) If total assets decreased $80 000 and equity increased $120 000 during the year, what is the amount of total liabilities at the end of the year?

Reference no: EM132968036

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