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Cooper $150 000 0 100 000 Question 2 (19 marks) Financial statement information about four different business is as follows: Watson Noble Bright 1 January

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Cooper $150 000 0 100 000 Question 2 (19 marks) Financial statement information about four different business is as follows: Watson Noble Bright 1 January 2019 Assets $75 000 $90 000 Liabilities 50 000 (d) 75 000 Owner's equity 50 000 54 000 31 December 2019 Assets (6) 117 000 180 000 Liabilities 55 000 62 000 (h) Owner's equity 100 000 Owner's equity changes in year Additional investments (C) 8 000 10000 Owner's withdrawal 10 000 (1) 12000 Total revenue 350 000 400 000 335 000 385 000 360 000 (k) 80 000 140 000 15 000 10 000 500 000 (1) Total expense Required: (a) Determine the missing amounts. Watson Noble Company Company Bright Company alates Cooper Company - (d) (g) (h) (6) (c) 0 (b) Prepare a statement of changes in equity for Watson. and (C) What is the sequence for preparing financial statements? Also explain the interrelationship of the statement of changes in equity to the income statement and statement of financial position

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