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29 December, 09:20

Be-The-One is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Be-The-One has assets of $395,000 and liabilities of $97,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 20Y2.

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  1. 29 December, 09:39
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    Stockholders' equity would equal to $298,000.

    Explanation:

    Equity = Total Assets - Total Liabilities

    Equity - $395,000 - $97,000 = $298,000
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