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1a. What is the amount of equity at the beginning of the year for Company A?

1b. What is the amount of equity at the end of the year for Company A?

1c. What is the amount of liabilities at the end of the year for Company A?

1a What Is The Amount Of Equity At The Beginning Of The Year For Company A 1b What Is The Amount Of Equity At The End Of The Year For Company A 1c What Is The A class=

Sagot :

The amount of equity at the beginning of the year for Company A is $30,500.

The amount of equity at the end of the year for Company A is  $24,500.

The amount of liabilities at the end of the year for Company A is  $33,500.

What are the company's equity?

According to the accounting equation: Equity =  Assets - liabilities

Beginning of the year equity = $55,000 - $24,500 = $30,500

End of the year equity = beginning equity + net income + stock issuances - cash dividends

$30,500 - 8,500 + 6000 - 3,500 = $24,500

Ending liabilities = ending assets - ending equity

$58,000 - 24,500 = $33,500

To learn more about equity, please check: https://brainly.com/question/26210654

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