User Account

All Pages

How much is the balance of atty limbaco capital as of dec

Assignment Help Financial Accounting
Reference no: EM132889539

Limbaco Law Firm is owned by Atty. Allan Limbaco. The balance of his capital as of January 1, 2019 is P 1.800,000.00. During the year, he invested an additional cash of P 450,000.00 in the business. Also, Limbaco Law Firm eamed P 168,750.00 of net income. Finally, he withdraws P112,500.00

Question 1: How much is the balance of Atty. Limbaco's capital as of December 31, 2019?

Question 2: Prepare a statement of Changes in Owner's Equity for Limbaco Law Firm.

Reference no: EM132889539

Questions Cloud

Calculate cost of equity using capital asset pricing model : Calculate the cost of equity, using the Capital Asset Pricing Model. You have been appointed as a financial consultant by the directors of Elsa Holdings.
How did this experience make you feel : Peppers and Rogers suggest that the purpose of a company's CRM system is to establish a learning relationship between itself and its customers
Prepare a statement of changes in owner equity for jalagat : Prepare a statement of Changes in owner's Equity for Jalagat Medical Clinic. How much is the balance of Dr. Jala gat's capital balance as of December 31, 2019?
Determine what information-gathering tools : Determine what information-gathering tools would be most effective on this project and what activities would need to be monitored.
How much is the balance of atty limbaco capital as of dec : How much is the balance of Atty. Limbaco's capital as of December 31, 2019? The balance of his capital as of January 1, 2019 is P 1.800,000.00.
What are the total payback cash flows from the loan : If customer is granted credit for a $2,000 loan to be repaid in 12 equal monthly installments. What are the total payback cash flows from the loan
What should dollars sell for in euros per dollar : Question - If euros sell for $1.40 (U.S.) per euro, what should dollars sell for in euros per dollar? Round your answer to four decimal places
Advantages and disadvantages of retailer : Discuss the advantages and disadvantages of a retailer (e.g., department store, small boutique, or discount store) using newspaper and magazine advertisements
Make bank reconciliation statement for little flora ltd : Make Bank Reconciliation Statement for Little's Flora Ltd. as on 31st October 2019. The bank statement of Little's Floral Ltd. shows a final balance of £ 8,966

Reviews

Write a Review

Financial Accounting Questions & Answers

  What would be a good price at which to purchase the busines

What would be a good price at which to purchase this business?Prepare the calculations to determine if the laundromat is a good investment.

  Q on 1st january 20x8 alaska corporation acquired

q on 1st january 20x8 alaska corporation acquired mercantile corporations net assets by paying 160000 cash. balance

  Question consider that a commercial airplane manufacturing

question consider that a commercial airplane manufacturing companys annual fixed costs for the widebody passenger jet

  What is Jana estimated cost of equity

Jana doesn't plan to issue new shares of common stock. Using the CAPM approach, what is Jana's estimated cost of equity

  What is the exchange rate on the settlement date

What is the exchange rate on the settlement date? LKLD Co. reported foreign exchange loss of P15,000 in 2020 financial statement and P10,000 foreign exchange

  How to prepare the required entry that david morris should

how to Prepare the required entry that David Morris should make on December 31, 2014. On December 31, 2014, the Calvin T. Ng Bank enters into a debt restaurant

  How change in cash in year three is closest to

How Change in cash in Year 3 is closest to? First year sales$200,000Annual sales growth30%COGS as a percentage of sales30%

  Find what the respective shares of april and may will be

Find what the respective shares of April and May will be? Upon liquidation, cash of P300,000 becomes available for distribution to the partners.

  Calculate invested capital for pavermills

Calculate NOPAT, invested capital, and ROI for PaverMills. The operation's tax rate is35percent. Total assets of PaverMills are $206,800,00

  How the world of business interacts with the legal realm

Consider how the world of business interacts with the legal realm. What skills does a non-legal person need as an employee? What legal training do you feel a businessperson needs in order to make good decisions? Please refer to U.S. Bureau of Labor S..

  How much can nelsons short-term debt increase

How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2? Do not round intermediate calculations

  Find a income statement for a health care organization

Find a income statement for a health care organization and calculate the ratios. Analyze the financial status of that health care organization.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd