At the beginning of the year, Gonzales Company SLU had total assets of €870,000 and total liabilities of €500,000. Answer the following questions. (a) If total assets increased €150,000 during the year and total liabilities decreased €80,000, what is the amount of equity at the end of the year? (b) During the year, total liabilities increased €100,000 and equity decreased €55,000. What is the amount of total assets at the end of the year? (c) If total assets decreased €80,000 and equity increased €120,000 during the year, what is the amount of total liabilities at the end of the year?

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A:

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A: As per Accounting equation:-    Assets = Liabilities + Equity

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A: Stockholders' equity: Stockholders' equity means the remaining net assets available to shareholders.…

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A: Increase in Owner's equity during the year = beginning balance of owner’s equity - ending balance of…

Q: The beginning capital balance shown on FDNACCT's Statement of Changes in Owner's Equity is P79,000.…

A: We know that, Total assets = Liabilities + owners equity  Total Liabilities = Current and noncurrent…

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Q: The beginning capital balance shown on FDNACCT’s Statement of Changes in Owner’s Equity is P67,000.…

A: Owner’s Equity at the year end = P67,000 + P25,000 - P44,000 + P45,000 = P93,000

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A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: The balance sheet of Mi-T-M reports total assets of $400,000 and $450,000 at the beginning and end…

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Q: At the beginning of the year, Quasar Company's liabilities equal $57,000. During the year, assets…

A:

Q: At the start of the year, Rahman Marketing had total assets of RM450,000 and owner’s equity of…

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: SET A - At the beginning of the year, Gilas Company had the total assets of P2,000,000 and a total…

A: The fundamental accounting equation based on which the financial statements are prepared is Assets =…

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A: Assets = Liabilities + Equity

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A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

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Q: "At the end of the current year, the owner's equity in Durant Co. is P360,000. During the year, the…

A: Increase (decrease) in Equity during the year = Increase in assets - increase in liabilities = 68000…

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Q: Walter Mart has net assets of P3,358,000 after liabilities of P1,267,000 at the end of the year.…

A: Solution: Walter mart's equity at year end = Total assets - Total liabilities

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A: Owner's equity shows the value in the business of owner or ownership in the business. It increases…

Q: Black Company has beginning total assets of P200 million and ending liabilities of P110 million.…

A: An owner does withdraw from the business for personal use.

Q: At the end of the first month of operations for FDNACCT, the business had earned P140,500 of…

A: Assets = Liabilities + equity Equity = Assets - Liabilities.