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he following information was taken from the financial statements of black company and white company Black Company      Assets         Liabilities                              ₱110,000        ₱95,000 White Company  ₱100,000        ₱20,000   Based on the information, which of the two companies would be more appealing to prospective investors? Why

he following information was taken from the financial statements of black company and white company Black Company      Assets         Liabilities                              ₱110,000        ₱95,000 White Company  ₱100,000        ₱20,000   Based on the information, which of the two companies would be more appealing to prospective investors? Why

Cornerstones of Financial Accounting
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 49E: Preparing a Statement of Cash Flows-Direct Method The controller of Newstrom Software Inc. provides...
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The following information was taken from the financial statements of black company and white company

Black Company      Assets         Liabilities

                             ₱110,000        ₱95,000

White Company  ₱100,000        ₱20,000

 

Based on the information, which of the two companies would be more appealing to prospective investors? Why? 

T'his device is what we call the "ac An account is a place where all th liability or information concerning cash will tor equipment where all the t recorded. This will be extended sc The name given to an account The following information was taken from the financial statements of Black Based on this information, which of the two Companies would be more Exercise 7 capital, is entered. TH Company and White Company Assets P 110,000 100,000 Liabilities will have its own account where tra Black Company White Company P 95,000 20,000 Account titles are used within each can accurately record the effect c Owner's equity of the business. appealing to prospective investors? Why? 32
Transcribed Image Text:T'his device is what we call the "ac An account is a place where all th liability or information concerning cash will tor equipment where all the t recorded. This will be extended sc The name given to an account The following information was taken from the financial statements of Black Based on this information, which of the two Companies would be more Exercise 7 capital, is entered. TH Company and White Company Assets P 110,000 100,000 Liabilities will have its own account where tra Black Company White Company P 95,000 20,000 Account titles are used within each can accurately record the effect c Owner's equity of the business. appealing to prospective investors? Why? 32
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