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1. At the end of the year the company shows Assets of $150,000 and Liabilities of $50,000. What is the Owners' Equity at the end of the year?

2. At the end of the year the company shows Owners' Equity of $100,000 and Assets of $250,000. What are the Liabilities at the end of the year?

3. At the beginning of the year the company has Assets of $100,000. During the year the company increases the Assets by $25,000. At the beginning of the year the company has Liabilities of $50,000 and increases Liabilities $10,000 during the year. What is the Owners' Equity at the end of the year?

4. At the beginning of the year the company has Assets of $100,000. During the year the company increases the Assets by $25,000. At the beginning of the year the company has Liabilities of $50,000 and decreases Liabilities $10,000 during the year. What is the Owners' Equity at the end of the year?

5. At the end of the year the company shows Liabilities of $75,000 and Owners' Equity of $125,000. What are the Assets at the end of the year?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91973318

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