change in contribution by owners
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d83f92a-c54c-4953-82e9-3cebb9651bee%2Fa2cebe92-d325-41d8-b2ae-d208c89235de%2F24p9zpo_processed.png&w=3840&q=75)
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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