Homework Answers
1.
shareholders'equity at the beginning of the year
=total assets-total liabilities
=586000-266000
=320000
2.
shareholders'equity at the end of the year
=total assets-total liabilities
=(586000+50000)-(266000+33000)
=337000
3.
total liabilities at the end of the year
=total assets-shareholders'equity
=704000-295000
=409000
the above is answer..
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