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Mountain Drycleaners started 2018 with total assets of $19,000 and total liabilities of $14,000. At the end of 2018, Mountain's total assets stood at $12,000
Mountain Drycleaners started 2018 with total assets of $19,000 and total liabilities of $14,000. At the end of 2018, Mountain's total assets stood at $12,000 and total liabilities were $9,000. Requirements 1. Did the stockholders' equity of Mountain Drycleaners increase or decrease during 2018? By how much? 2. Identify the four possible reasons that stockholders' equity can change. Requirement 1. Did the stockholders' equity of Mountain Drycleaners increase or decrease during 2018? By how much? The stockholders' equity during the year by $ Requirement 2. Identify the four possible reasons that stockholders' equity can change. Stockholders' equity can increase through: and/or V. Stockholders' equity can decrease through and/or borrowing money dividend payment issuance of common stock net loss paying a liability purchasing assets for cash purchasing assets on account
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