Question: A basic accounting equation is Assets less Liabilities equals Equity. 1. The owners equity increases each year from 1999-2003. How is that possible when the

A basic accounting equation is Assets less Liabilities equals Equity.

1. The owners equity increases each year from 1999-2003. How is that possible when the assets for 2001 are down from the previous year?

2. What other issues do you observe in regard to this information?

3. What would you do if you do not have sufficient background to understand financial statements?

A basic accounting equation is Assets less Liabilities equals Equity. 1. The

EXHIEIT 4.1 EXHIEIT 4.1

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