What is the equity amount on December 31, 2018 of Company B? A. C December 31, 2017 Assets P. 4,500,000 3,000,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 Liabilities 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 3,810,000 1,800,000 Drawings 200,000 income Statement Revenues 8,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000 5,600,000

What is the equity amount on December 31, 2018 of Company B? A. C December 31, 2017 Assets P. 4,500,000 3,000,000 7,000,000 5,000,000 8,000,000 3,800,000 8,250,000 6,150,000 Liabilities December 31, 2018 Assets 4,900,000 2,600,000 9,000,000 12,500,000 6,400,000 Liabilities 7,200,000 During 2018 Owner's Equity Additional investments 600,000 450,000 1,000,000 3,810,000 1,800,000 Drawings 200,000 income Statement Revenues 8,600,000 13,750,000 13,630,000 5,900,000 3,500,000 Expenses 3,300,000 5,600,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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