Answer to Question #247513 in Accounting for nicole

Question

STATEMENT OF CHANGES IN EQUITY  

1. The Multitude Company has the following changes in equity items in year-end 2020.  
2. Kindly prepare the SCE of the company which is owned by Ms. Alilio. 

  

Beginning balance of OE ₱ 1,850,000 

Comprehensive Income ? 

Ending balance of OE        690,000 

Investments by the owner (Alilio, Capital)     2,560,000 

Alilio, Withdrawals      3,000,000 

Answer 1

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