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5) If assets decreased by $12,000 and liabilities increased by $7,000 how much did stockholders' equity decrease to keep the accounting equation in balance? 6)

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5) If assets decreased by $12,000 and liabilities increased by $7,000 how much did stockholders' equity decrease to keep the accounting equation in balance? 6) Calculate the missing amounts: (Note: Year 1 End. R/E will be year 2 Beg. RE) Year Beg. R/E Balance Net income Dividends End. R/E Balance 1 $0 $2,100 $950 2 b. 300 2,600 3 d. 2,400 800 a C. e

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