a- What is the amount of owners' equity at January 1, 2016? Show your working. b-...
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a- What is the amount of owners' equity at January 1, 2016? Show your working. b- what is the amount of liabilities at December 31, 2016? Show your working. (2 The following information comes from the records of Morton Corporation. Assume no additional investment by owners when answering the following questions: January 1, 2016 December 31, 2016 Owners' Equity $98,000 $54,000 $ (c) Assets 131,000 Liabilities (b) 84,000 a- What is the amount of owners' equity at January 1, 2016? Show your working. b- what is the amount of liabilities at December 31, 2016? Show your working. (2 The following information comes from the records of Morton Corporation. Assume no additional investment by owners when answering the following questions: January 1, 2016 December 31, 2016 Owners' Equity $98,000 $54,000 $ (c) Assets 131,000 Liabilities (b) 84,000
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Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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