Unformatted text preview: equity increased. I believe that the owner realized the more he or she invested in the business the greater the profit for the company. I also believe that the owner made a wise decision to increase inventory and equipment because it’s plain to see that in order to make money you have to spend more in which the owner did and the business is showing a substantial profit. The inventory and equipment only increased by $10.55 and the beginning cash balance increased by $239.75 which helped to increase the total assets from season one to season two by $250.30....
View Full Document
This note was uploaded on 07/07/2011 for the course BUSINESS 350 taught by Professor Mitchell during the Fall '09 term at Troy.
- Fall '09