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1. How are liabilities and owners equity similar? How are they different? 2. You are a shareholder of the Schuster Corporation and have just received

1. How are liabilities and owners equity similar? How are they different?

2. You are a shareholder of the Schuster Corporation and have just received the latest annual report of the company, containing financial statements for the previous fiscal year. You have no access to key managers of the company. Where will you look for additional information about the company to decide whether to increase or decrease your share holdings in Schuster? How will you evaluate the reliability of this information?

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