Homework Answers
Total assets=Total liabilities+Total equity
1.Total assets at beginning=(80,000+45000)=€125000
Hence ending assets=125000*125%
=€156250
2.Equity at beginning=(75000-50,000)=€25000
Hence ending equity=Beginning equity+Net income-Dividends paid
=25000+24000-6000
=€43000
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