Ask Question
7 May, 21:00

Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?

+3
Answers (1)
  1. 7 May, 21:04
    0
    Assets - equity = liabilities

    So liability before the increase is:

    300, 000 - 100, 000 = 200, 000

    And if assets increases by 80, 000. Hence new assets = 380, 000. Liabilities increases by 50, 000; hence new liability = 250, 000.

    New Equity = New Assets - New liability.

    New Equity = 380, 000 - 250, 000 = 130, 000.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers