Solution-How much of the owner equity to be presented

How much of the owner equity to be presented

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

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How much of the owner equity to be presented

Reference no: EM133034929

Reference no: EM133034929

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