A company reported total equity of $169,000 at the beginning of the year. The company reported $234,000
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Question:
A company reported total equity of $169,000 at the beginning of the year. The company reported $234,000 in revenues and $177,000 in expenses for the year. Liabilities at the end of the year totaled $104,000. What are the total assets of the company at the end of the year?
a). $57000
b). $104,000
c). $122,000
d). $330,000
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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