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The following financial statement information is known about five unrelated companies: Company orpany Company D Company E December 31, 2022: Assets Liabilities December 31, 2023:
The following financial statement information is known about five unrelated companies:
Company
orpany
Company D
Company E
December 31, 2022:
Assets
Liabilities
December 31, 2023:
Assets
Liabilities
During 2023:
Owner investments
Profit (loss)
Owner withdrawals
$126,000
56,000
$141,000
63,000
$ 94,000
46,000
$178,000
112.000
$282,000
132,000
118.000
73,000
56,000
286,000
146,000
261,000
168,000
46,000
(34,000)
8,600
55,000
9,600
33,500
21,600
13,150
42,000
-0-
12.600
39,600
21,600
Required:
1. Answer the following questions about Company A- 4
a. What was the equity on December 31. 2022?
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
