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Kika A.

asked • 08/28/20

Accounting Equation

Accounting Equation Shannon Cook is the stockholder and operator of You're A Star LLC , a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has assets of $777,000 and liabilities of $186,000. 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 $148,000 and Tables decreased by $45,000 during 20Y3

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