ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false A eBook Show Me How Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 2012, Inspiring U has assets of $732,000 and liabilities of $176,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 20Y2. $$ 556,000 ✓ or Feedback b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $139,000 and liabilities decreased by $42,000 during 20Y3. 291,000 X Check My Work (a) By rewriting the accounting equation, Assets - Liabilities - Stockholders' Equity, you can calculate the 20Y2 Stockholders' equity. (b) Use your calculated amount of Stockholders' equity as of December 31, 20Y2. Next, add (or subtract) the change in amounts in 20Y3 to (from) the 20Y2 Stockholders' equity to obtain the 20Y3 Stockholders' Equity amount. 00 ⠀ 2. 4

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Homework Ch1
1. BE.01.01
2. BE.01.01.ALGO
3. BE.01.02
4. BE.01.02.ALGO
5. BE.01.03
6. BE.01.04
7. BE.01.04.ALGO
8. BE.01.04.BLANKSHEET.AL...
9. BE.01.05
10. BE.01.06
11. BE.01.06 ALGO
12. BE.01.07
13. EX.01.05.ALGO
14. EX.01.06.ALGO
Progress: 4/20 items
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a. Stockholders' equity as of December 31, 20Y2.
$$ 556,000 ✓
Feedback
Show Me How
Check My Work
Accounting equation
Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $732,000 and
liabilities of $176,000. Using the accounting equation, determine the following amounts:
│
x +
b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $139,000 and liabilities decreased by $42,000 during 20Y3.
$ 291,000 X
0
Locator=&inprogress=false
✓ Check My Work
(a) By rewriting the accounting equation, Assets - Liabilities = Stockholders' Equity, you can calculate the 20Y2 Stockholders' equity.
(b) Use your calculated amount of Stockholders' equity as of December 31, 20Y2. Next, add (or subtract) the change in amounts in 20Y3 to
(from) the 20Y2 Stockholders' equity to obtain the 20Y3 Stockholders' Equity amount.
i
✔
A
2
០៨
Previous
Next
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☎ 0
8:41 PM
8/30/2022
Transcribed Image Text:My Home Homework Ch1 1. BE.01.01 2. BE.01.01.ALGO 3. BE.01.02 4. BE.01.02.ALGO 5. BE.01.03 6. BE.01.04 7. BE.01.04.ALGO 8. BE.01.04.BLANKSHEET.AL... 9. BE.01.05 10. BE.01.06 11. BE.01.06 ALGO 12. BE.01.07 13. EX.01.05.ALGO 14. EX.01.06.ALGO Progress: 4/20 items 78°F Partly cloudy X CengageNOWv2 | Online teachin X https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession < eBook Activity Stream a. Stockholders' equity as of December 31, 20Y2. $$ 556,000 ✓ Feedback Show Me How Check My Work Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $732,000 and liabilities of $176,000. Using the accounting equation, determine the following amounts: │ x + b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $139,000 and liabilities decreased by $42,000 during 20Y3. $ 291,000 X 0 Locator=&inprogress=false ✓ Check My Work (a) By rewriting the accounting equation, Assets - Liabilities = Stockholders' Equity, you can calculate the 20Y2 Stockholders' equity. (b) Use your calculated amount of Stockholders' equity as of December 31, 20Y2. Next, add (or subtract) the change in amounts in 20Y3 to (from) the 20Y2 Stockholders' equity to obtain the 20Y3 Stockholders' Equity amount. i ✔ A 2 ០៨ Previous Next t> ☎ 0 8:41 PM 8/30/2022
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