=+and liabilities of $240,000. Using the accounting equation and considering each case independently, determine the following amounts:
Question:
=+and liabilities of $240,000. Using the accounting equation and considering each case independently, determine the following amounts:
a. Donna Ahern, capital, as of December 31, 2009.
b. Donna Ahern, capital, as of December 31, 2010, assuming that assets increased by
$120,000 and liabilities increased by $72,000 during 2010.
c. Donna Ahern, capital, as of December 31, 2010, assuming that assets decreased by
$60,000 and liabilities increased by $21,600 during 2010.
d. Donna Ahern, capital, as of December 31, 2010, assuming that assets increased by
$100,000 and liabilities decreased by $38,400 during 2010.
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