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can anyone help me on this?? Mountain Drycleaners started 2024 with total assets of $19,000 and total liabilities of $14,000. At the end of 2024,
can anyone help me on this??
Mountain Drycleaners started 2024 with total assets of $19,000 and total liabilities of $14,000. At the end of 2024, Mountain's total assets stood at $12,000 and total liabilities were $9,000. Requirements 1. Did the owner's equity of Mountain Drycleaners increase or decrease during 2024 ? By how much? 2. Identify the four possible reasons that owner's equity can change. Requirement 1. Did the owner's equity of Mountain Drycleaners increase or decrease during 2024 ? By how much? (Enter a decrease with a minus sign or parentheses.) The change in owner's equity during the year is Requirement 2. Identify the four possible reasons that owner's equity can change. Owner's equity can increase through: and/or Owner's equity can decrease through and/orStep by Step Solution
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