Calculate Owner's Equity Extract of Balance sheet items as at 31 December 2020 OREquipment20000Goodwill4500 Creditors1000Land35000Account receivables 3500 Capital11500 Closing Stock15000Loan3000Bank overdraft3200Cash2500Mortagage loan7500 Machinery1650Trade payables5700Accumulated Depreciation (Equipment)1000Short term Investments2200Trade marks6000 Drawings1000Retained Earnings9150Prepaid Expenses2300 MCSelect one:a. 9900 OMRb. 81750 OMRc. 19650 OMRd. 91650 OMR

Owner equity is the right of owner to assets of business which includes all things invested by the…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 66.5C: Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of...

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Calculate Owner's Equity

Extract of Balance sheet items as at 31 December 2020

	OR
Equipment	20000
Goodwill	4500
Creditors	1000
Land	35000
Account receivables	3500
Capital	11500
Closing Stock	15000
Loan	3000
Bank overdraft	3200
Cash	2500
Mortagage loan	7500
Machinery	1650
Trade payables	5700
Accumulated Depreciation (Equipment)	1000
Short term Investments	2200
Trade marks	6000
Drawings	1000
Retained Earnings	9150
Prepaid Expenses	2300

Select one:

a. 9900 OMR

b. 81750 OMR

c. 19650 OMR

d. 91650 OMR

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