4. Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016). the company had a net income of P15,000. Juana invested additional P100,000 to grow the business, In 2017. the business earned P50,000. As of December 31, 2017, Juana's capital balance is P200,000 How much is Juana's withdrawal?

4. Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016). the company had a net income of P15,000. Juana invested additional P100,000 to grow the business, In 2017. the business earned P50,000. As of December 31, 2017, Juana's capital balance is P200,000 How much is Juana's withdrawal?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 59P

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Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016), the company had a net income of P15,000. Juana invested additional P100,000 to grow the business. In 2017, the business earned P50,000. As of December 31, 2017, Juana’s capital balance is P200,000. How much is Juana’s withdrawal?
Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016),the company had a net income of P15,000. Juana invested additional P100,000 to grow the business. In 2017,the business earned P50,000. As of December 31,2017,Juana's capital balance is P200,000. How much is Juana's withdrawal?
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