What is the owner's equity for the BlueDragon company for accounting period 2020? note: write the number with at most 2 decimal places (eg. 95.17) Balance Sheet items at the end of Dec. 31, 2020 (in thousand Php) Total Current Assets 110 Total Non-current assets 332 Long term Liabilities 193 Total Current Liabilities 154

What is the owner's equity for the BlueDragon company for accounting period 2020? note: write the number with at most 2 decimal places (eg. 95.17) Balance Sheet items at the end of Dec. 31, 2020 (in thousand Php) Total Current Assets 110 Total Non-current assets 332 Long term Liabilities 193 Total Current Liabilities 154

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

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7E

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The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2019: Instructions 1. Prepare a multiple-step income statement. 2. Prepare a statement of owners equity. 3. Prepare a balance sheet, assuming that the current portion of the note payable is 50,000. 4. Briefly explain how multiple-step and single-step income statements differ.
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