Business, 06.05.2021 05:20, alexandraparava
If the following information is available: beginning assets equal $500,000; beginning liabilities equal
$100,000; during the year owner's equity increased by $200,000 and liabilities decreased by $50,000. How
much are ending assets?
A. $500,000
B. $600,000
C. $650,000
D. $550,000
E. Ending assets cannot be determined
Answers: 3
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