Accounting Equation Katherine Brewer is the stockholder and operator of Our Idol LLC, a motivational...
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Accounting
Accounting Equation Katherine Brewer is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting period, December 31, 2017, Our Idol has assets of $758,000 and abilities of $182,000. Using the accounting equation, determine the following amounts a. Stockholders' equity as of December 31, 2017 b. Stockholders equity as of December 31, 2018, assuming that assets decreased by $144,000 and abilities decreased by $44,000 during 2018
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