C. At the beginning of the year, Quaker Company's liabilities equal $79,000. During the year, assets increase by $60.000, and at year-end assets equal $190,000. Liabilities decrease $7,000 during the year. What are the beginning and ending amounts of equity? Assets Liabilities Equity O Beginning 79,000 + (7.000) + Change 60.000 67,000 Ending 190.000-

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Chapter6: Systems Of Equations And Inequalities
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Exercise T-9 Part c
c. At the beginning of the year, Quaker Company's liabilities equal $79,000. During the year, assets increase by $60,000, and at
year-end assets equal $190,000. Liabilities decrease $7,000 during the year. What are the beginning and ending amounts of
equity?
Assets
Liabilities
+
Equity
Beginning
Change
Ending
79,000 +
60,000 =
(7,000)
67,000
+
190,000 =
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Transcribed Image Text:AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Home Insert Draw Design Layout References Mailings Review View Help Grammarly Picture Format P Comments A Share W Color v O Picture Border 9 Position v A Send Backward v i- 10 2.19" E Artistic Effects Picture Effects - En: Wrap Text v A Selection Pane Corrections Crop A 6.5" Remove Alt Background EA Transparency ♥ E Picture Layout v Text O Bring Forward - E Align Adjust Picture Styles N Accessibility Arrange Size Exercise T-9 Part c c. At the beginning of the year, Quaker Company's liabilities equal $79,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $7,000 during the year. What are the beginning and ending amounts of equity? Assets Liabilities + Equity Beginning Change Ending 79,000 + 60,000 = (7,000) 67,000 + 190,000 = Page 1 of 1 O words Text Predictions: On * Accessibility: Investigate O Focus 110% 10:03 PM O Type here to search 48°F 3/20/2022 近
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