The following information was taken from the financial statements of black company and white companyBlack Company Assets Liabilities ₱110,000 ₱95,000White Company ₱100,000 ₱20,000 Based on the information, which of the two companies would be more appealing to prospective investors? Why? T'his device is what we call the "acAn account is a place where all thliability orinformation concerning cash willtor equipment where all the trecorded. This will be extended scThe name given to an accountThe following information was taken from the financial statements of BlackBased on this information, which of the two Companies would be moreExercise 7capital, is entered. THCompany and White CompanyAssetsP 110,000100,000Liabilitieswill have its own account where traBlack CompanyWhite CompanyP 95,00020,000Account titles are used within eachcan accurately record the effect cOwner's equity of the business.appealing to prospective investors? Why?32

Investors are the external users of accounting information or financial statements prepared by the…

he following information was taken from the financial statements of black company and white company Black Company Assets Liabilities ₱110,000 ₱95,000 White Company ₱100,000 ₱20,000 Based on the information, which of the two companies would be more appealing to prospective investors? Why

he following information was taken from the financial statements of black company and white company Black Company Assets Liabilities ₱110,000 ₱95,000 White Company ₱100,000 ₱20,000 Based on the information, which of the two companies would be more appealing to prospective investors? Why

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following information was taken from the financial statements of black company and white company

Black Company Assets Liabilities

₱110,000 ₱95,000

White Company ₱100,000 ₱20,000

Based on the information, which of the two companies would be more appealing to prospective investors? Why?

T'his device is what we call the "ac
An account is a place where all th
liability or
information concerning cash will
tor equipment where all the t
recorded. This will be extended sc
The name given to an account
The following information was taken from the financial statements of Black
Based on this information, which of the two Companies would be more
Exercise 7
capital, is entered. TH
Company and White Company
Assets
P 110,000
100,000
Liabilities
will have its own account where tra
Black Company
White Company
P 95,000
20,000
Account titles are used within each
can accurately record the effect c
Owner's equity of the business.
appealing to prospective investors? Why?
32

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