Fruitkwon
Aug 11, 2011, 12:31 PM
At the beginning of the year, Hernandez Company had total assets of $810,778 and total liabilities of $501,596.
(a) If total assets increased $151,080 during the year and total liabilities decreased $75,498, what is the amount of owner's equity at the end of the year?
(b) During the year, total liabilities increased $100,440 and owner's equity decreased $67,558 What is the amount of total assets at the end of the year?
(c) If total assets decreased $78,813 and owner's equity increased $120,427 during the year, what is the amount of total liabilities at the end of the year?
(a) If total assets increased $151,080 during the year and total liabilities decreased $75,498, what is the amount of owner's equity at the end of the year?
(b) During the year, total liabilities increased $100,440 and owner's equity decreased $67,558 What is the amount of total assets at the end of the year?
(c) If total assets decreased $78,813 and owner's equity increased $120,427 during the year, what is the amount of total liabilities at the end of the year?