Two items are omitted from each of the following summaries of statement of financial position and income
Question:
Instructions
Determine the missing amounts.
Transcribed Image Text:
Steven Craig Georgia Enterprises Beginning of year: Total assets Total liabilities Total equity £ 97,000 63,000 £129,000 75,000 End of year: Total assets Total liabilities Total equity 160,000 100,000 60,000 180,000 50,000 130,000 Changes during year in equity: Additional investment Dividends Total revenues Total expenses 25,000 44,000 215,000 155,000 100,000 55,000
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a Total assets beginning of year 97000 Total liabilities beginning of year 63000 Total e...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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