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Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $654,130 and liabilities of $223,810. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31 of the current year.fill in the blank 1 of 2$ b. Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $79,670 and liabilities increased by $17,710 during the year.fill in the blank 2 of 2$

Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $654,130 and liabilities of $223,810. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31 of the current year.fill in the blank 1 of 2$ b. Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $79,670 and liabilities increased by $17,710 during the year.fill in the blank 2 of 2$

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 10CDQ: Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total...
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Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $654,130 and liabilities of $223,810. Using the accounting equation, determine the following amounts:

a. Stockholders' equity as of December 31 of the current year.
fill in the blank 1 of 2$

b. Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $79,670 and liabilities increased by $17,710 during the year.
fill in the blank 2 of 2$

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