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ant1 - Word Search Mailings Review View References Help > EEE. AaBBCCD AaBbCcDc AaBb AaBbc Normal 1 No Spac... Heading 1 Heading 2 Qeya Paragraph
ant1 - Word Search Mailings Review View References Help > EEE. AaBBCCD AaBbCcDc AaBb AaBbc Normal 1 No Spac... Heading 1 Heading 2 Qeya Paragraph 5 Styles 1-2 Accounting Equation Go44 is a motivational consulting business. At the end of its accounting period, December 31, 2015, Go44 has assets of $720,000 and liabilities of $180,000. Using the accounting equation and considering each case independently, determine the following amounts: 1. Stockholders' equity as of December 31, 2015. 2 What is stockholders' equity as of December 31, 2016, assuming that assets increased by $96,500 and liabilities increased by $30,000 during 2016 3. Stockholders' equity as of December 31, 2016, assuming that assets decreased by $168,000 and liabilities increased by $15,000 during 2016 4. Stockholders' equity as of December 31, 2016, assuming that assets increased by $175,000 and liabilities decreased by $18,000 during 2016, 5. Net income (or net loss) during 2016, assuming that as of December 31, 2016, assets were $880,000, liabilities were $220,000, and no additional common stock was issued or dividends paid
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