10. The following lists all assets and liabilities of Literally Financial Limited at the dates indicated....
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10. The following lists all assets and liabilities of Literally Financial Limited at the dates indicated. Assuming there were no shares issued, no dividends paid and no assets revalued during the year ended 30th June 2017, how much profit was made in that year? Cash Inventory Equipment Accounts payable Accrued Expenses Prepaid Rent 30/6/16 $ 25,000 $ 30,000 $160,000 $ 25,000 $ 35,000 $ 15,000 30/6/17 $50,000 $45,000 $160,000 $35,000 $25,000 $20,000 10. The following lists all assets and liabilities of Literally Financial Limited at the dates indicated. Assuming there were no shares issued, no dividends paid and no assets revalued during the year ended 30th June 2017, how much profit was made in that year? Cash Inventory Equipment Accounts payable Accrued Expenses Prepaid Rent 30/6/16 $ 25,000 $ 30,000 $160,000 $ 25,000 $ 35,000 $ 15,000 30/6/17 $50,000 $45,000 $160,000 $35,000 $25,000 $20,000
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Date Particulars 30062016 To balance bd 30062017 To Cash TOTAL Prepaid Rent Asse... View the full answer
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
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