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Calculate the change in each balance sheet account

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Suppose the income statement for Goggle Company reports $147 of net income, after deducting depreciation of $22. The co oints bought equipment costing $125 and obtained a long-term bank loan for $132. The company's comparative balance sheet, at December 31, is presented here.

Problem 1: Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and financing activities

Reference no: EM132768373

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