Accounting equation Inspiring U is a motivational consulting

Last updated: 10/3/2023

Accounting equation Inspiring U is a motivational consulting business At the end of its accounting period December 31 20Y2 Inspiring U has assets of 557 000 and liabilities of 134 000 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 increased by 106 000 and liabilities decreased by 32 000 during 20Y3