The total assets and total liabilities of Paul's Pools, a proprietorship, at the beginning and at the end of the current fiscal year are as follows:
$\begin{array}{ll}
&Jan.~ 1&Dec.~ 31\\hline
\text { Total assets } & \$ 280,000 &\$475,000\
\text { Total liabilities } & 205,000 &130,000
\end{array}$

Question

The total assets and total liabilities of Paul's Pools, a proprietorship, at the beginning and at the end of the current fiscal year are as follows:
 $\begin{array}{ll}
&Jan.~ 1&Dec.~ 31\\hline
\text { Total assets } & \$ 280,000 &\$475,000\
\text { Total liabilities } & 205,000 &130,000
\end{array}$

Quizplus · Accepted Answer

The Answer of The total assets and total liabilities of Paul's Pools, a proprietorship, at the beginning and at the end of the current fiscal year are as follows:
 $\begin{array}{ll}
&Jan.~ 1&Dec.~ 31\\hline
\text { Total assets } & \$ 280,000 &\$475,000\
\text { Total liabilities } & 205,000 &130,000
\end{array}$

The Total Assets and Total Liabilities of Paul's Pools, a Proprietorship