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Eager Beaver started 2024 with total assets of $20,000 and total liabilities of $6,000. At the end of 2024, Eager Beaver's total assets stood
Eager Beaver started 2024 with total assets of $20,000 and total liabilities of $6,000. At the end of 2024, Eager Beaver's total assets stood at $26,000 and total liabilities were $2,000. Requirements 1. Did the owner's equity of Eager Beaver increase or decrease during 20247 By how much? 2. Identify the four possible reasons that owner's equity can change. Requirement 1. Did the owner's equity of Eager Beaver increase or decrease during 2024? By how much? (Enter a decrease with a minus sign of 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/or
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