Answer to Question #247515 in Accounting for samantha

Question

STATEMENT OF CHANGES IN EQUITY  

PRACTICE SET 27 

  

1. The Faulty 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. Diosdado. 

  

  

Beginning balance of OE ₱ 1,850,000 

Comprehensive Income       50% of Owner’s Withdrawals 

Ending balance of OE       150% of Comprehensive income 

Investments by the owner (Diosdado, Capital)      ? 

Diosdado, Withdrawals       40% of beginning equity  

  

  

  

  

Answer 1

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