How much was withdrawn by J Tan during year

Assignment Help Financial Accounting
Reference no: EM132941037

Question - The following details relate to the equity of J. Tan, sole proprietor.

End year 1 End year 2

Capital $160 000 $160 000

Current account 46 000 Cr 58 000 Cr*

*Includes profit for the year of $51 000.

How much was withdrawn by J. Tan during year 2?

Reference no: EM132941037

Questions Cloud

What is the compound annual rate implied by percent rate : You can borrow $300 today and repay $325 in two weeks. What is the compound annual rate implied by this 12.5 percent rate charged for only two weeks?
Collecting performance-related feedback : Emmanuel has worked for Company CDE, as the Director of Marketing, for seven years. He manages 10 leaders, who each manage teams of 50 employees.
What is the compound annual rate implied : You can borrow $800 today and repay $850 in two weeks. What is the compound annual rate implied by this 15 percent rate charged for only two weeks?
Differentiate training from education and development : Differentiate training from education and development. Give workplace examples and cite ideas
How much was withdrawn by J Tan during year : The following details relate to the equity of J. Tan, sole proprietor. How much was withdrawn by J. Tan during year 2
Explain the importance of ethical behavior : -Describe two management strategies you will implement to ensure that your new team members align with your company's mission and discuss how you plan to measur
How a company could pursue shareholder wealth maximization : Outline and provide examples of how a company could pursue shareholder wealth maximization in relation to the Capital structure concepts
Examine the customer service efforts : 1. Examine the customer service efforts undertaken by Tesco prior to the loyalty card scheme?s launch. Why do you think the company felt the need to launch Club
Prepare the consolidation worksheet journal entries : Billy Ltd sold a machine to Goat Ltd for $29,000 on 1st February 2022. Prepare the consolidation worksheet journal entries

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a fictitious balance sheet

What are several examples of internal management, management prepared information that ordinarily would not be communicated externally? Why?

  Determine merchandise inventory

Determine merchandise inventory

  How will chip and dale split the net income or loss

Under a general partnership, each partner is considered an agent of a general partnership and is liable for. How will Chip and Dale split the net income/loss?

  How many years must romeo wait to receive

How many years must Romeo wait to receive $85,000? (Hint: Use Table 3.) Romeo Cruz has been offered the opportunity of investing $49,086 now.

  What is the discount rate on the stock

Assume that risk-free Treasury securities currently offer an interest rate of 1.6%. What is the discount rate on the stock

  Explain the significance of the error

You are responsible for producing monthly financial reports for organisation. Explain the significance of this error and how you would resolve the discrepancy.

  How did insistence of regulators of depository institute

How did the insistence of regulators of depository institutions to raise their capital ratios ultimately impact their degree of operating and financial leverage?

  Post the journal entries to each respective general ledger

Post the journal entries to each respective general ledger account and (3) how A basic balance sheet, income statement for the year ended

  Employed as architectural designer for streamline design

Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year. She correctly calculated her AGI. Shauna paid a total of $3,400 in health insurance premiu..

  What is credit score from credit karma

What is you Credit Score from Credit Karma? If you are not comfortable reporting your actual score, report the credit rating range from Poor, Bad

  Prepare the cash flow for operating activities

This information is provided to you. Prepare the cash flow for operating activities, using both the direct method and the indirect method.

  Using the fair value to measure no controlling interest

On January 1, 2014, A company acquired 60% of the outstanding shares of B company by paying $1.2 Million in cash, the fair value of B's identifiable asset and liability is $2 million and $ 0.5 million respectively. Using the fair value to measure no ..

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!

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