FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Barredos ending owners equity on December 2019 amounted to Ph. 90,000.00. Additional investments during the year amounted to Ph. 54,000.00. Withdrawals totalled Ph. 30,000.00. Compute

  1. Barredos ending owners equity on December 2019 amounted to Ph. 90,000.00. Additional investments during the year amounted to Ph. 54,000.00. Withdrawals totalled Ph. 30,000.00. Compute for the companys net income for the year assuming beginning equity on January 2019 is Ph. 45,000.00.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Telecom Audit

Telecom Audit

Authors: M S. Mastel

1st Edition

0071410546, 9780071410540

More Books

Students also viewed these Accounting questions

Question

★★★★★
Explain how metal ions such as Pb2+ and Zn2+ are separated by precipitation with hydrogen sulfide.

Answered: 1 week ago

Question

★★★★★
The accompanying data file shows the average price of gas (Price in $ per gallon) for the 50 states during January 2019. a. Construct a boxplot for the Price variable. Does the boxplot suggest that...

Answered: 1 week ago

Question

★★★★★
=+) Make histograms of each group. Discuss whether you would choose a nonparametric test for these data or a twosample t-test (as in Chapter 13).

Answered: 1 week ago

Question

★★★★★
Precision Tools sells a line of high-quality woodworking tools. When customers place orders on the companys Web site, the system checks to see if the items are in stock, issues a status message to...

Answered: 1 week ago

Question

★★★★★
What is the payback period for the following set of cash flows? Multiple Choice 1.65 years 1.60 years 1.95 years

Answered: 1 week ago

Question

★★★★★
I have done the question, but the software doesn't show it as complete The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory...

Answered: 1 week ago

Question

★★★★★
Complete the solution to the following differential equation. y" + 4y + 3y = 16et y(0) = 0, y(0) = 1 Applying the Laplace transform in both sides we get s2Y(s) - sy(0) -y (0) + 4[sY(s) = y(0)] +...

Answered: 1 week ago

Question

★★★★★
CheersInc., a small health insurance company, manages its own call center to provide customer service. A call is first taken by a general representative who will try to resolve the client's inquiry....

Answered: 1 week ago

Question

★★★★★
Many practices have tried to reduce no-shows through automated text and phone call reminders. But that only solves the issue of forgetfulness. Much more effective are options for online scheduling...

Answered: 1 week ago

Question

★★★★★
An action plan for a personal leadership portfolio. Please don't forget support in-text as well as in references. Developing the degree of self-awareness and direction setting as this assignment...

Answered: 1 week ago

Question

★★★★★
When considering QI, some people believe that major opportunities for improvement can be realized by increasing clinician's skills and competence. However, others believe that more opportunities for...

Answered: 1 week ago

Question

★★★★★
Know what statements and actions managers can and cannot legally make during a union organizing drive

Answered: 1 week ago

Question

★★★★★
Describe a department managers role in the union organizing process

Answered: 1 week ago

Question

★★★★★
Understand the activities that occur following the arrival of a petition for a representation election

Answered: 1 week ago

Previous Question Next Question