The beginning capital of CDS Trading is P728,000. During the year the owner made an additional...
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The beginning capital of CDS Trading is P728,000. During the year the owner made an additional investment of P20,000 and withdrew P35,000 for personal use. Net income during the year amounted to P45,000. Prepare the statement of changes in owner's equity for the year ended December 31, 2021. The beginning capital of CDS Trading is P728,000. During the year the owner made an additional investment of P20,000 and withdrew P35,000 for personal use. Net income during the year amounted to P45,000. Prepare the statement of changes in owner's equity for the year ended December 31, 2021.
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The statement of changes in owners equity shows the chan... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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