Question: 1. determine the missing amounts 2. compare both companies and comment on their result of operations and overall financial positions Below are the summarised versions
Below are the summarised versions of the Balance Sheets and Income Statements of two companies for the year 2019 where two items are omitted from each. XYZ CO $129,000 (c) 75,000 ABC Co Beginning of year Total assets $ 98,000 Total liabilities 55,000 Total owner's equity End of year Total assets 160,000 Total liabilities 100,000 Total owner's equity 60,000 Changes during year in owner's equity. Additional Investment (b) Drawings 25,000 Total revenues 215,000 Total expenses 185,000 180,000 50,000 130,000 25,000 (d) 100,000 65,000 1.Det
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