Question: Can you solve this general accounting problem using appropriate accounting principles? At the beginning of the year, Lexor Ltd. had liabilities of $75,000. During the

Can you solve this general accounting problem using appropriate accounting principles?

At the beginning of the year, Lexor Ltd. had liabilities of $75,000. During the year, assets increased by $90,000, and year-end assets were $250,000. Liabilities decreased by $12,000 during the year. What are the beginning and ending amounts of equity

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