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6. (Learning Outcome 3) You must show your calculations and answer both A) and B) correctly to receive full credit for this question In 2017,
6. (Learning Outcome 3) You must show your calculations and answer both A) and B) correctly to receive full credit for this question In 2017, Benford Tool Co. reported total assets as $15,750. ando liabilities as $8,560 A) Use the accounting equation to solve for the amount of equity in 2017 B) If in 2018, the company assets increase by $3,000 and the equity decreases by $1,950, what will be the amount reported for liabilities in 2018? (Points: 6)
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