John Joos is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accountin

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John Joos is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accountin

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John Joos Is The Stockholder And Operator Of Galaxy Llc A Motivational Consulting Business At The End Of Its Accountin 1
John Joos Is The Stockholder And Operator Of Galaxy Llc A Motivational Consulting Business At The End Of Its Accountin 1 (10.97 KiB) Viewed 15 times
John Joos is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Galaxy has assets of $736,000 and liabilities of $177,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. b. Stockholders Jequity as of December 31, 20Y3, assuming that assets increased by $140,000 and liabilities increased by $42,000 during 2013.
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