Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Galaxy has assets of $788,000 and liabilities of $189,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 20Y2.$fill in the blank 1 b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $150,000 and liabilities decreased by $45,000 during 20Y3.$fill in the blank 2
Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Galaxy has assets of $788,000 and liabilities of $189,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 20Y2.$fill in the blank 1 b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $150,000 and liabilities decreased by $45,000 during 20Y3.$fill in the blank 2
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Galaxy has assets of $788,000 and liabilities of $189,000. Using the accounting equation, determine the following amounts:
a. Stockholders' equity as of December 31, 20Y2.
$fill in the blank 1
b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $150,000 and liabilities decreased by $45,000 during 20Y3.
$fill in the blank 2
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