At the end of 2023, the following information is available for Oakwood Corp.: • • Beginning Owner's Equity: $200,000 Net Income for 2023: $80,000 ⚫ Dividends Paid: $20,000 . Additional Investments by Owner: $15,000 What is the Owner's Equity at the end of 2023?
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- REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sooraya Enterprises/Partnership for the year ended 28 February 2022. INFORMATION Extract from the ledger of Sooraya Enterprises on 28 February 2022 R Capital: Soo 450 000 Capital: Raya 350 000 Current a/c: Soo (01 March 2021) Current a/c: Raya (01 March 2021) Drawings: Soo Drawings: Raya The following must be taken into account: 30 000 CR 25000 DR 220 000 260 000 1. On 28 February 2022 the Profit and Loss account reflected a net profit of R 880 000. 2. Partners are entitled to interest at 12% p.a. on their capital balances. Note: Soo increased her capital contribution by R180 000 on 01 September 2021. The capital increase has been recorded. 3. The partners are entitled to the following monthly salaries for the first 6 months of the financial year: Soo R15 000 Raya R11 000 From 01 September 2021, the partners will be entitled to annual salaries of R144 000 each. 4. Raya is entitled to a bonus…Below is the history of Barn Corporation's E&P. What is the company's Accumulated E&P at the beginning of 2023? Year 2020 2021 2022 2023 O $20,000 $27,500 O $62,500 O $15,000 Current E&P Distributions $10,000 $20,000 $5,000 $0 $20,000 $30,000 $5,000 $7,500Preparation of SCE for a Single Proprietorship Instructions: Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed. You may use any desired business name. Use the space provided for your answer. Drawing ₱168,000 Capital Beginning ₱ 95,000 Additional Investment ₱105,000 Total Asset ₱550,000 Total Liabilities ₱120,000
- Industrial Industries' 2023 balance sheet shows current assets of $1,400 and current liabilities of $1,200. Their 2022 balance sheet shows current assets of $1,575 and current liabilities of $1,250. What was the firm's investment in net working capital for 2023? Question 5 options: ($63) ($175) ($125) $63 $188Based on this initial analysis, what is your investment recommendation and why? Lola's Company Statement of Owner's Equity December 31st, 2020 How has your company's stock been doing recently and over the longer term? Owner's Equity at Beginning of Year $400,000 Net Income for the Year $130,000 Issuance of Common Stock $50,000 Dividends Paid ($30,000) Owner's Equity at End of Year $550,000 Lola's Company Total Revenue $510,000 Expenses Cost of Goods Sold $200,000) Depreciation Expense $50,000) Salaries and Wages Expense $100,000) Rent Expense $30,000) Total Expenses ($380,000) Net Income $130,000 Lola's Company Statement of Cash Flow December 31st, 2020 Net Income $100,000 Balance Sheet December 31st, 2020 Assets Cash and Cash Equivalents Accounts Receivable $100,000 $150,000 Inventory $200,000 Prepaid Expenses Property, Plant and Equipment $50,000 $500,000 Total Assets $1,000,000 Liabilities Accounts Payable Notes Payable Accrued Expenses $100,000 $200,000 $50,000 Total Liabilities…Company XYZ reports the following information on its Balance Sheet in the beginning of 2020 Assets 3500 Liabilities 2000 Contributed Equity 1000 Retained Earnings 500 Owner's Equity 1500 Total Liab + Equity 3500 Income Statement end of 2020 Revenue 500 Op Expenses 250 Interest Paid 25 Taxes 50 Net Income ??? Dividends 50 Retained Earnings ??? End of 2020 Cumulative Retained Earnings ??? Additional Capital Raised during Yr 2020 1000 End of 2020 Owner's Equity ??? End of 2020 Assets ???