At January 1, 2008, Burton Industries reported owner's equity of $130,00o. During 2008, Burton had a net loss of $30,000 and owner drawings of $20,000. At December 31, 2008, the amount of owner's equity is * O P130,000. O P140,000. O P100,000. O P80,000.

McEwen mining recently reported $130000 off sales$68500 of operating cost other than depreciation and $10200 off depreciation. The company has $20000 of outstanding bonds that carry a 6% interest rate and its tax rate was 35%. what was the firms net income

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The financial statements of a ltd and b ltd at 1 july 2020 are as follows.   A Ltd B Ltd cash 25000   plant 60000 35000 Accumulated depreciation (15000) (120000) inventories 12000 24000 Account receivable 20000 36000 goodwill 0 10000 Total assets 102600 117000 Account payable 1800 17000 Net assets 100800 100000 Share capital     Retained earnings 50000 81000 General reserve 8800 4000 Total equity 2000 15000   100800 100000   All the assets and liabilities of B Ltd were recorded for fair value except for the following assets. Plant 47000(Fair value) Inventory 22000(Fair value) A Ltd agreed to pay B Ltd $6000 in cash plus 16000 fully paid shares having a fair value of $7.5 per share. The business combination was completed and B ltd  liquidation. Cash of liquidation amounted to $1200. A Ltd incurred legal and accounting costs amounted to $482 in relation to the…

A company had sales of $600 and costs of $300. Depreciation was an additional $150, and interest paid was $30. Taxes were 40% of pretax income. Dividends were $30. Beginning net fixed assets were $500 and ending net fixed assets were $750. The company started the year with a net working capital of $510 and ended with $550. No shares of stock were issued that year A. Calculate net income (nearest dollar without dollar sign ($) or comma, e.g. 15000. Negative cash flow is -15000 B. Calculate operating cash flow (nearest dollar without dollar sign ($) or comma, e.g. 15000) Negative cash flow is -15000