Question
Reem Company has total assets of $ 430,000, and total liabilities of $ 220,000, on 1/1/2021. During the year, the company had revenues of $
Reem Company has total assets of $ 430,000, and total liabilities of $ 220,000, on 1/1/2021. During the year, the company had revenues of $ 210,000, and expenses of $ 172,000. Also, the owner, Ms. Reem withdraw $ 10,000 for her personal use, during the same period. If you know that assets are $ 600,000, and liabilities are $ 245,000 at year end (31/12/2021). How much Did Ms. Reem make as additional investment during the year? (Note: write your answer as a number only, with no commas or signs. If the answer is $ 2,000, write it as: 2000 )
Answer:
Question 15
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