Answer these questions about two companies: Jade Limited began the year with total liabilities...

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Accounting

Answer these questions about two companies:
Jade Limited began the year with total liabilities of $175,000 and total shareholders' equity of $310,000. During the year, total assets increased by 19%. How much are total assets at the end of the year?
First compute Jade Companies Limited's total assets at the beginning of the year.
The total assets at the beginning of the year for Jade Limited were $485,000.
During the year the total assets increased by 19%.
The total assets at the end of the year are $577,150.
the year?
Compute Southbound Associates shareholders' equity at the beginning of the year.
The shareholders' equity at the beginning of the year is $359,000.
At the end of the year, the company has a net income of $100,000
The shareholders' equity at the end of the year is $459,000.
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