Oracle Corporation started 19X9 with total assets of $5,819 million and total liabilities of $2.861 million. At

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Oracle Corporation started 19X9 with total assets of $5,819 million and total liabilities of $2.861 million. At the end of 19X9, Oracle's total assets stood at $7.260 million. and total liabilities were $3.565 million. Required 1. Did the owners' equity of Oracle Corporation increase or decrease during 19X9? By how much? 2. Identify two possible reasons for the change in owners' equity of Oracle during the year.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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