Please answer correctly. Thank you. FDNACCT has beginning balance of owner's equity of 187,000. This increased toP500,000 at year-end. Owner's additional investment and withdrawal were P60,000and P90,000, respectively. Total costs and expenses during the year amounted toP293,000.How much was total revenues earned during the period?• Previous

Solution: Net income for the year = Ending owner's equity + Owner's withdrawls - additional…

FDNACCT has beginning balance of owner's equity of 187,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,0 and P90,000, respectively. Total costs and expenses during the year amounted to P293,000. How much was total revenues earned during the period?

FDNACCT has beginning balance of owner's equity of 187,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,0 and P90,000, respectively. Total costs and expenses during the year amounted to P293,000. How much was total revenues earned during the period?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Please answer correctly. Thank you.

FDNACCT has beginning balance of owner's equity of 187,000. This increased to
P500,000 at year-end. Owner's additional investment and withdrawal were P60,000
and P90,000, respectively. Total costs and expenses during the year amounted to
P293,000.
How much was total revenues earned during the period?
• Previous

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