Candys Candies started a business in 2012 with total assets of $50,000 and total liabilities of $40,000.
Question:
After analyzing the data, answer the following questions:
1. What was the amount of the increase or decrease in stockholders’ equity?
2. Identify two possible reasons for the change in stockholders’ equity during the year.
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Req 1 Total Total Total Assets Liabilities Stockhold...View the full answer
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