Dove Rlyan is the owner and operator of Fyan's Arcade. At the end of its...
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Accounting
Dove Rlyan is the owner and operator of Fyan's Arcade. At the end of its accounting period, December 31 , Ryan's Avcade has assets of 5637,310 and liabilities of $252,130. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31 of the ourrent year: b. Owner's equity as of December 31 at the end of the next year, assuming that assets increased by $79,750 and liabities increased by $18,360 during the year
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