(a)What is the equity as at the end of the two financial years? (b) If Brionycontributed an...
Question:
(b) If Brionycontributed an extra $15 000 capital during the financial year ending 30 June 2013 and made no drawings, determine her profit (or loss) for the year, assuming the above balances remain the same.
(c) If Brionyhad contributed an extra $20 000 and withdrew $15 000 during the year ending 30 June 2013, determine her profit for the year, assuming the above balances remain the same.
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a b Equity Total Assets Total Liabilities Equity as at 30 June 2012 6000 15 000 2500 6000 20 000 40 ...View the full answer
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Related Book For 
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ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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