Anthony's Consulting, Inc. started business in 2015 with total assets of $32,000 and total liabilities of $14,000.
Question:
1. What was the amount of the increase or decrease in shareholders' equity?
2. Identify two possible reasons for the change in shareholders' equity during the year.
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Related Book For
Financial Accounting
ISBN: 978-0133375534
2nd Canadian edition
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
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