User Account

All Pages

How much of the owner equity to be presented

Assignment Help Accounting Basics
Reference no: EM133034929

Question - On the first year of operation of Grava & Co., its statement of cash shows cash used in investing activities of P230,000 and cash provided by financing activities of P500,000. If the company reported a net increase in cash of P350,000, how much is the cash provided (used in) operating activities?

As at December 31, 2020, the owner's capital account of GIF and Co has a pre-closing balance of P50,000. During 2020, the owner invested P15,000 to the business and earned a net income of P20,000. There were no withdrawals done during the year. How much of the Owner's equity to be presented in the Statement of Financial Position as at December 31, 2020?

Reference no: EM133034929

Questions Cloud

Prepare journal entries required to record the investment : Prepare the journal entries required to record the investment in the bonds in the general ledger of Gums Ltd for the year ended 30 December 2020
Step in the cook-chill food production process : Outline one consideration for each step in the 'cook-chill' food production process.
How much will be in your account on november : Thus, on January 1 you deposit $12,500 in an account that pays a 1.80% compounded daily. How much will be in your account on November
Case study-zara fashion case study question : In 2015, a Japanese woman visited a Zara store in Tokyo to buy a pink scarf. Unfortunately for her, the store didn't sell any.
How much of the owner equity to be presented : There were no withdrawals done during the year. How much of the Owner's equity to be presented in the Statement of Financial Position as at December 31, 2020
Examine the concept of totalitarianism and democracy : Question: Examine the concept of Totalitarianism and Democracy in relation to the above case study. Provide relevant examples
Differences between primary and secondary research : Please discuss the differences between primary and secondary research. Be sure to include an example of each in your discussion
What benefits did hearne create by granting options : The fair value of each option was estimated at $1. What benefits did Hearne create by granting options to the engineers instead of cash signing bonuses
What the ending balance in retained earnings : The company earned $50000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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