Arabella Company had an additional investment of 20,000, and no withdrawals and expenses of 593,000 at...

 

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Arabella Company had an additional investment of 20,000, and no withdrawals and expenses of 593,000 at year-end. Company Basti had revenues of 412,000 and withdrawals of 45,000 in the period. Compute for company Arabella revenue and company basti expenses. Additional info: Arabella Basti Asset beginning Jan 1 668,000 560,000 Asset ending Dec 31 568,000 654,000 Liabilities, beginning 316,000 203,000 Liabilities, ending 242,000 230,000 Arabella Company had an additional investment of 20,000, and no withdrawals and expenses of 593,000 at year-end. Company Basti had revenues of 412,000 and withdrawals of 45,000 in the period. Compute for company Arabella revenue and company basti expenses. Additional info: Arabella Basti Asset beginning Jan 1 668,000 560,000 Asset ending Dec 31 568,000 654,000 Liabilities, beginning 316,000 203,000 Liabilities, ending 242,000 230,000

Answer rating: 100% (QA)

To compute the revenue for Company Arabella and the expenses for Company Basti we need to use the ac... View the full answer