Question: Exercise 1-6 Changes in Owners' Equity The following amounts are available from the records of Coaches and Carriages Inc. at the end of the years
Exercise 1-6 Changes in Owners' Equity The following amounts are available from the records of Coaches and Carriages Inc. at the end of the years indicated LOS XAMPLE 1-4 Show me ow December 31 2015 2016 2017 Total Assets 25,000 79,000 184,000 Total Liabilities 12,000 67,000 37,000 Required 1. 2. Compute the changes in Coaches and Carriages owners' equity during 2016 and 2017 Compute the amount of Coaches and Carriages' net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the ycar
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