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At the Beginning of 2016 Hotels International, Inc

Question 48

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At the beginning of 2016 Hotels International, Inc. had $11,820 million in assets and $1,562 million in equity. During 2016, Hotels International's assets increased by $864 million while its equity decreased by $1,008 million.
How much were Hotels International's liabilities at the beginning and end of 2016?

Correct Answer:

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Beginning liabilities = $11,82...

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