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answers for D & E (WITH EXPLANATION) please Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, December
answers for D & E (WITH EXPLANATION) please
Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, December 31, 2017 Inspirational has assets of $876,250 and liabilities of $276,900. Using the accounting equation and considering each case independently, determine the following amounts a. Stockholders' equity as of December 31, 2017 599,350 b. Stockholders' equity as of December 31, 2018, assuming that assets Increased by $138,450 and liabilities increased by $83,240 during 2018 654,560 Stockholders' equity as of December 31, 2018, assuming that assets decreased by $69,220 and liabilities increased by $24,540 during 2015, 505,590 d. Stockholders equity as of December 31, 2018, assuming that assets increased by $115,670 and liabilities decreased by 543,810 during 2018 671,210 X e Not Income (or net loss) during 2018, assuming that as of December 31, 2018, assets were $1,104,080, liabilities were $179,630, and no additional Net Income capital stock was issued or dividends pald
answers for D & E (WITH EXPLANATION) please
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