Final answer:
Almbond Corporation's December 31, 2023, year-end balance is a negative $200, calculated by subtracting total liabilities from total assets.
Step-by-step explanation:
To calculate the December 31, 2023, year-end balance of Almbond Corporation, we must take into account its assets and liabilities. The company's assets include reserves of $30, bonds valued at $50, and loans given out worth $50. On the liabilities side, the company has deposits amounting to $300 and equity at $30.
To find the year-end balance, we add up the assets: $30 (reserves) + $50 (bonds) + $50 (loans) = $130. For the liabilities, we have $300 (deposits) + $30 (equity) = $330. The year-end balance is the total assets minus total liabilities, which would be $130 - $330, resulting in a negative balance of $200.
This means that as of December 31, 2023, if all assets were liquidated and all liabilities paid off, Almbond Corporation would have a deficit of $200.