Calculate ending equity if opening paid in capital (share capital) was $100,000 and retaining earnings were $10,000,
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Calculate ending equity if opening paid in capital (share capital) was $100,000 and retaining earnings were $10,000, but during the year recorded an after-tax profit of $30,000 and no dividends were paid out and no share activity took place. Record ending paid-in capital, retained earnings and total equity separately
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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