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Accounting Equation Jan Petri is the stockholder and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Way to Go has assets of $798,000 and liabilities of $192,000. Using the accounting equation, determine the following amounts:
a. Stockholders' equity as of December 31, 20Y2. $
b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $152,000 and liabilities decreased by $46,000 during 20Y3. $
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Accounting Equation Jan Petri is the stockholder and operator of Way to Go LLC, a motivational consu...
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