Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is your answer and How do you do the problems in this photo? Thanks you 21. PT JSL Company during its first year of

image text in transcribed

What is your answer and How do you do the problems in this photo? Thanks you

21. PT JSL Company during its first year of operations issued 15,000 shares with Rp100 par value at Rp150 per share. Two thousand shares were issued in payment of current obligations of Rp250,000. Dividends of Rp500,000 were paid during the year. Total liabilities at the end of the year amounted to Rp200,000 and total assets of the Company at the end of the year equaled Rp3,000,000. What was the ner income for the first year of operations? a. 1.500.000 b. 800,000 c. 500,000 d. 300,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information System Audit How To Control The Digital Disruption

Authors: Philippe Peret

1st Edition

1032136162, 978-1032136165

More Books

Students also viewed these Accounting questions

Question

How do SSAE 16 Type 1 and Type 2 differ?

Answered: 1 week ago

Question

=+1. Do you agree with your results?

Answered: 1 week ago