Question: PB 3. LO 2.1 The following information is from a new business. Comment on the year-to-year changes in the accounts and possible sources and
PB 3. LO 2.1 The following information is from a new business. Comment on the year-to-year changes in the accounts and possible sources and uses funds (how were the funds obtained and used). Owner's Assets End of Year 1 $137,000 Liabilities $62,000 Equity $75,000 End of Year 2 End of Year 3 148,000 168,000 57,000 91,000 80,000 88,000 PB 4. LO 2.1 Each of the following situations relates to a different company. Company A Company B 123 Revenues Expenses Gains ? $1,480,500 Company C $103,950 Company D $1,054,116 $455,490 1,518,300 78,120 ? 0 ? 4,725 8,505 4 Losses 5 Net Income or (Loss) 32,760 32,130 0 5,670 39,312 39,690 ? (58,275) A. For each of these independent situations, find the missing amounts. B. How would stakeholders view the financial performance of each company? Explain.
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