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The um Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2016 $480.000 $250,000 2017 $400,000 1210,000
The um Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2016 $480.000 $250,000 2017 $400,000 1210,000 2018 $990,000 $100.000 Lim began business on January 1, 2016 with an investment of $100,000. Instructions From an analysis of the change in owner's edukty down the year, compute the net income (or loss) for: (a) 2017. assuming Lim made an additional invest 569.000 and had no drawings in 2017 (b) 2018, assuming um made an additional Weltment 15.000 ang bad drawings of 540,000 in 2018
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