Question: 1. Compute the missing amount in the accounting equation for each entity from the financial information presented Assets $ 89,000 Llabilities 31,000 $ Auto Parts

1. Compute the missing amount in the accounting equation for each entity from the financial information presented Assets $ 89,000 Llabilities 31,000 $ Auto Parts and Tires Weekly Slop Grocery Your Basket Equity 39,000 45,000 100.000 58,000 2. Star Nursery started 2018 with total assets of $24,000 and total liabilities of $5,000. At the end of 2018, Star Nursery's total assets stood at $31,000 and total liabilities were $8,000. Requirements 1. Did the stockholders' equity of Star Nursery increase or decrease during 2018? By how much? 2. Identify the four possible reasons that stockholders equity can change. Requirement 1. Did the stockholders' equity of Star Nursery Increase or decrease during 2018? By how much? The stockholders' equity (1) during the year by $ . Requirement 2. Identify the four possible reasons that stockholders' equity can change. Stockholders' equity can increase through: (2) and/or (3) Stockholders' equity can decrease through (4) - and/or (5) (1) O increased decreased (2) O borrowing money O dividend payment O issuance of common stock O net loss O paying a liability O purchasing assets for cash O purchasing assets on account (3) Oborrowing money Opaying a liability O dividend payment O purchasing assets for cash O net income O purchasing assets on account O net loss (4) Oborrowing money dividend payment issuance of common stock O net income O paying a liability O purchasing assets for cash O purchasing assets on account (5) Oborrowing money O issuance of common stock O net income Onet loss O paying a liability O purchasing assets for cash O purchasing assets on account
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