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At the beginning of the year, a company had $126,000 of liabilities. During the year,...

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Accounting

At the beginning of the year, a company had $126,000 of liabilities. During the year, assets increased by $166,000 and at year-end the assets equaled $378,000. Liabilities decreased $26,000 during the year.

Calculate the beginning and ending values of equity.

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