Question
go 44 is a motivacional consulting business. at the end of its accounting period, december 31, 2015,go44 has assets of $720,000 and liabilities of $180,000.
go 44 is a motivacional 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 account equation and considering each case independently, determine the following amounts: a. stockholde'rs equity as december 31, 2015. b. stockholder's quity as of december 2016, assuming that assets increased by $96,500 and liabilities incresed by $30,000 during 2016. c. stockholder's equity as december 31, 2016 assuming that assets decreased by $168,000 and liabilities increased by $15,000 during 2016. d. stockholder's equity as december 31, 2016, assuming that assets increased by 175,000 and liabilities decresed by $18,000 during 2016. e. net income (or net loss) during 2016, assuming that as of december 31, 2016 assets were $880,000, liabilities were $220,000, and no aditional common stock was issued or dividends paid
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