document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=45333>Question 45333</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0618379894/algebrahomeworkh>principles of accounting</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> At the beginning of the year, Wilde Company assets were $220,000 and its owner's equity was $120,000.  During the year, assets increased $60,000, and liabilities decreased $18,000.  What is the owner's equity at the end of the year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #30068 by </B><A HREF=/tutors/aboutme.mpl?userid=mathgenius><B>mathgenius(8)</B></A><img src=\"/images/stars/stars-05.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mathgenius><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=30068\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> First, you need to know this formula: Owner's Equity = Assets Minus Liabilities.\r<BR>\n" );
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document.write( "Starting owner's equity was $120,000.  Add $60,000 worth of assets to that and also add $18,000 to that as well (because liabilities decreased.)  Therefore, final owner's equity would be $198,000.   </SPAN>\n" );
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