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At the Beginning of 2019, Holiday Hotel, Inc

Question 99

Essay

At the beginning of 2019, Holiday Hotel, Inc. had $17,806 million in assets and $2,760 million in equity. During 2019, Holiday's assets decreased by $1,940 million while its equity decreased by $476 million.
How much were Holiday's liabilities at the beginning and end of 2019?

Correct Answer:

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Beginning liabilities = $17,80...

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