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Accounting equation Captivating Inc. is a motivational consulting business. At the end of its accounting period, May 3 1 , 2 0 Y 2 ,
Accounting equation
Captivating Inc. is a motivational consulting business. At the end of its accounting period, May Y
Captivating Inc. has assets of $ and liabilities of $ Using the accounting equation and
considering each case independently, determine the following amounts:
a Stockholders' equity as of May Y
$
b Stockholders' equity as of May Y assuming that assets increased by $ and liabilities
increased by $ during
c Stockholders' equity as of May Y assuming that assets decreased by $ and liabilities
increased by $ during
$
d Stockholders' equity as of May Y assuming that assets increased by $ and liabilities
decreased by $ during
$
e Net income or net loss during Y assuming that as of May Y assets were $ liabilities
were $ and no additional common stock was issued or dividends paid.
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