At the beginning of the year, Addison Company's assets are $259,000 and its equity is $194,250. During the year, assets increase $80,000 and liabilities increase $52,643. What is the equity at the end of the year?

Canseco Company Beginning of 2007 End of 2007 Direct materials inventory $22,000 $26,000 Work-in-process inventory 21,000 20,000 Finished goods inventory 18,000 23,000 Purchases of direct materials 75,000 Direct manufacturing labor 25,000 Indirect...

My sister and I signed a 1 year lease 1/1/08. At the end of the year we were both to move out. My sister's plans fell through and she went back to the landlord and they agreed to a month to month lease. I was in no way involved in this. She has been there since but has not paid the rent for...

How do I find the equity for the following using the accounting equation? :confused: An company has assets equal to $123,000 and liabilities equal to $47,000 at year end. How do I figure out what the total equity for the year end would be? This is all the information I have available to me. ...