Solution-What is the amount of owner equity at the end of

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

Reference no: EM132830506

Question - At the beginning of the year, Sunland Company had total assets of $828,000 and total liabilities of $397,000. Answer the following independent questions.

(a) If total assets increased $148,000 during the year and total liabilities decreased $73,000, what is the amount of owner's equity at the end of the year?

(b) During the year, total liabilities increased $109,000 and owner's equity decreased $80,000. What is the amount of total assets at the end of the year?

(c) If total assets decreased $90,000 and owner's equity increased $86,000 during the year, what is the amount of total liabilities at the end of the year?

Reference no: EM132830506

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

Reference no: EM132830506

Reference no: EM132830506

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