Question
With the following information Clinic A December 31, 2019: Assets $80,000 Liabilities 50,000 Equity 30,000 December 31, 2020: Assets 100,000 Liabilities 55,000 Equity 45,000 During
With the following information
"Clinic A"
December 31, 2019:
Assets $80,000
Liabilities 50,000
Equity 30,000
December 31, 2020:
Assets 100,000
Liabilities 55,000
Equity 45,000
During 2020:
Total Revenues:
Total Expenses 330,000
Change in net equity:
"Clinic B"
December 31, 2019:
Assets $100,000
Liabilities 40,000
Equity 60,000
December 31, 2020:
Assets 130,000
Liability 62,000
Equity 68,000
During 2020:
Total Revenue: 400,000
Total Expenses:
Change in net equity:
Please calculate total revenue, total expenses and changes in equity and provide the formulas.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
