38. The following Changes in Owner'sEqutiy of an Entity took place for theperiod from January 1 to December31, 2020: *Owner's Equity, EndingOwner's Equity, BeginningIncrease in Owner's Equityp900,000800,000P100,000The following were the operating results:RevenueP 90,000Cost and Expenses 60,000If withdrawal of P20,000 was in form of Cash, how much represents additional investment?O A. P60,000О В. Р70,000О С. Р80,000О D. Р90,000

Net Income = revenue - cost and expenses = P90000 - 60000 = P30,000

38. The following Changes in Owner's Equtiy of an Entity took place for the period from January 1 to December 31, 2020: * Owner's Equity, Ending P900,000 Owner's Equity, Beginning Increase in Owner's Equity 800,000 P100,000 The following were the operating results: Revenue P 90,000 Cost and Expenses 60,000 If withdrawal of P20,000 was in form of Cash, how much represents additional investment? O A. P60,000 B. P70,000 O C. P80,000 O D. P90,000

38. The following Changes in Owner's Equtiy of an Entity took place for the period from January 1 to December 31, 2020: * Owner's Equity, Ending P900,000 Owner's Equity, Beginning Increase in Owner's Equity 800,000 P100,000 The following were the operating results: Revenue P 90,000 Cost and Expenses 60,000 If withdrawal of P20,000 was in form of Cash, how much represents additional investment? O A. P60,000 B. P70,000 O C. P80,000 O D. P90,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

please help me to solve this problem
Compute the following: (5 points each)1. Book Value as of December 31, 2019.2. Book Value per share as of December 31, 20193. Book value as of December 31, 20204. Book value per share as of December 31, 2020 please provide solutions thanks!
A summary of B's capital account for the year ended December 31, 2022 is as follows: Balance, Jan. 1, 2022 Additional investment, May 1 Withdrawal, Sept 2 Balance, Dec. 31, 2022 Compute for the weighted average capital. 1,200,000 230,000 (100,000) 1,330,000
left numbers are 2025 right column is 2024. i need to figure out B. asset turnover C return on assets D. return on common stockholder equity.
29. What is the correct amount that must be disclosed as proceeds from (repayment of) loans from shareholders in the cash flows from operating activities section according to direct method in the statement cash flows of Moletji Limited for the year ended 31 December 2020?
A. P5,200,000 B. P7,200,000 C. P7,700,000 D. P8,500,000 E. answer not given
Compute for: a. Retained Earning 2019 (Restated) b. Total Assets 2020 (Restated) c. Retained Earning 2020 ( REstated) d. Net Income- 2020 (Restated) e. Gain on Purchasing Power
Looking for Jin, Capital
where to account for dividend (4) is it true that the depreciation under adjustment in cash flows from operating activites is 332000
(a) Show the workings for the following financial ratios for Ka Ming Metal Manufacturing Ltd. (KM) and Sun Tool Metal Engineering works Ltd. (ST) during the year of 2021. (Shown in the photo below) (round final answer to 2 decimal places, thanks)
Entity F has current assets of $900,000 and current liabilities of $450,000. If the company pays an account payable of $75,000 what will its current ratio be? (round to two places if necessary) 000 2.20:1 2.00:1 1.83:1 2.40:1
Please use the following information for the year ended 12/31/2021 for Clare & Co. International to answer the question Revenue COGS Selling Expenses Depreciation Net Income Long Term Assets Non-Cash Working Capital Long Term Debt O $119,000,000 O $118,000,000 O $98,000,000 What is Free Cashflow to Equity for 2021 O $340,680,000 $ 200,000,000 $ 60,000,000 $ 20,000,000 $ 10,000,000 $ 110,000,000 12/31/2021 $ 420,000,000 $ 6,000,000 $ 30,000,000 12/31/2020 $415,000,000 $ 5,000,000 $25,000,000