Is this correct? Answer the following questions. Hint: Use the accounting...
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Accounting
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Answer the following questions. Hint: Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $174.000 and its equity is $130,500. During the year, assets Increase $80,000 and liabilities increase $56,000. What is the equity at year-end? b. Office Store Co. has assets equal to $279,000 and liabilities equal to $244,000 at year-end. What is the equity for Office Store Co. at year-end? c. At the beginning of the year, Quaker Company's liabilities equal $64,000. During the year, assets increase by $60,000, and at year end assets equal $190,000. Liabilities decrease $17,000 during the year. What are the beginning and ending amounts of equity? Complete this question by entering your answers in the tabs below. Required A Required B Required At the beginning of the year, Addison Company's assets are $174,000 and its equity is $130,500. During the year, assets Increase $80,000 and abilities increase $56,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 174,000 = 43,500 + $ 130,500 Change 80,000 = 56,000+ 24,000 Ending $ 254.000 99,500+ 154,500 $ $ NA Required 3 >
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