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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:4. Here are facts for the Hudson Roofing Company for December.
Assuming no investments or withdrawals, what is the ending balance in the owners' capital
account?
Hudson Alexander, Capital Dec. 1
Dec. revenue
Dec. expenses
$175,300
56,400
59.800
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- Still apart of number 3. Statement of owner equity.arrow_forwardQuestion Content Area Given the following data: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $128,250 $120,000 Total owner's equity 95,000 80,000 Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places.arrow_forwardWith what's given, how did we get to that Balance sheet? Please help. Final is coming up soonarrow_forward
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