تم الحل ✓
categoryمحاسبة ومراجعة
schoolبكالوريوس
event_available2026-07-13
السؤال
Transcribed Image Text:
Finch Company had the following assets and liabilities on the dates
indicated.
December 31
Total Assets
Total Liabilities
2016
$477,000
$221,000
2017
2018
$537,000
$271,000
$371,000
$667,000
Finch began business on January 1, 2016, with an investment of
$100,000.
From an analysis of the change in owner's equity during the year,
compute the net income (or loss) for:
(a) 2016, assuming Finch's drawings were $23,000 for the year.
for 2016
(b) 2017, assuming Finch made an additional investment of $49,000 and
had no drawings in 2017.
for 2017
(c) 2018, assuming Finch made an additional investment of $23,000 and
had drawings of $23,000 in 2018.
for 2018
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