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need help Inspirational Inc. is a motivationat consulting business. At the end of its accounting period, October 31,20r, inspirational has assets of $683,660 and liabilities
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Inspirational Inc. is a motivationat consulting business. At the end of its accounting period, October 31,20r, inspirational has assets of $683,660 and liabilities of $216,040. Using the accounting equation and considering each case independently, determine the following amounts: a. Stockholders' equity as of October 31,20%2. b. Stockholders' equity as of October 31,203, assuming that assets increased by $108,020 and liabilities increased by $64,950 during 2043. c. Stockholders' equity as of October 31,20, assuming that assets decreased by $54,010 and liabilities inicreased by $19,140 during 20r3. d. Stockholders' equity as of October 31,20y3, assuming that assets increased by $90,240 and liabilities decreased by $34,180 during 20y3. e. Net income (or net loss) during 20Y3, assuming that as of October 31,20Y3, assets were $861,410, liabilities were $140,150, and no additional common stock wil or dividends paid Step by Step Solution
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