change in contribution by owners

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Engels
The following information is provided for Allium roseum for the years 2018 and 2019:
2018
2019
Cash and cash equivalents
€21 600 €20 368
Accounts payable
€14 785
€14 157
Unearned revenue
€41 373
€40 567
Tax payable
€10 540
€11 119
Long term liabilities
€113 847 €140 978
Inventory
€45 364 €57 361
Accounts receivable
€32 587 €37 125
PPE
€211 081 €206 474
Prepaid expenses
€12 754
€24 562
Requirement Calculate the change in contribution by owners between year 2018 and year 2019 for
Allium roseum? For example, if owners contributed €1 000 in year 2018 and €1 500 in year 2019, the
change would be €500.
€-3 772
€142 841
€26 276
€139 069
Transcribed Image Text:Engels The following information is provided for Allium roseum for the years 2018 and 2019: 2018 2019 Cash and cash equivalents €21 600 €20 368 Accounts payable €14 785 €14 157 Unearned revenue €41 373 €40 567 Tax payable €10 540 €11 119 Long term liabilities €113 847 €140 978 Inventory €45 364 €57 361 Accounts receivable €32 587 €37 125 PPE €211 081 €206 474 Prepaid expenses €12 754 €24 562 Requirement Calculate the change in contribution by owners between year 2018 and year 2019 for Allium roseum? For example, if owners contributed €1 000 in year 2018 and €1 500 in year 2019, the change would be €500. €-3 772 €142 841 €26 276 €139 069
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