Question
Tamarisk Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2022 $470,000 $290,000 2023 $550,000 $350,000 2024
Tamarisk Company had the following assets and liabilities on the dates indicated.
| December 31 | Total Assets | Total Liabilities | ||
| 2022 | $470,000 | $290,000 | ||
| 2023 | $550,000 | $350,000 | ||
| 2024 | $690,000 | $420,000 |
Tamarisk began business on January 1, 2022, with an investment of $180,000.
From an analysis of the change in owners equity during the year, compute the revenue for 2023, assuming Tamarisk made an additional investment of $48,000, had no drawings in 2023, and expenses were $58,000.
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Portfolio Of Marketing Audits Company Self Assessment Audits
Authors: David Crosby
1st Edition
1902433157, 978-1902433158
