Presented below is selected information related to Santos Company at December 31, 2011. Santos reports financial information

Question:

Presented below is selected information related to Santos Company at December 31, 2011. Santos reports financial information monthly.

(a) Determine the total assets of Santos Company at December 31, 2011.
(b) Determine the net income that Santos Company reported for December 2011.
(c) Determine the equity of Santos Company at December 31,2011.

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a The total assets are R 49500 comprised of Cash R 7000 Account...View the full answer

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ISBN: 978-1118285909

IFRS Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Mar 06, 2013 05:43 AM

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Presented below is selected information related to Santos Company at December 31, 2011. Santos reports financial information

Question:

Accounts Payable Cash Advertising Expense Service Revenue Equipment RS16.500 25.000 0.5000 13.500 7.500 R5 3.000 Salaries Expense 7,000 Note Payable 6.000 Rent Expense 54.000 Accounts Receivable 29.000 Dividends

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a The total assets are R 49500 comprised of Cash R 7000 Account...View the full answer

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