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Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 2012, Inspiring U has assets of
Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 2012, Inspiring U has assets of $888,000 and liabilities of $213,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. $$ b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $169,000 and liabilities increased by $51,000 during 20Y3.
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