Directions: Prepare the Statement of changes in equity.Capital beginningAdditional InvestmentDrawingsNet Income/(Net loss)Date: December 31, 2020Php. 125,000.00Php. 25,000.00Php. 78,000.00Php, 125,00.00Date: March 31, 2020Php. 175,000.00Php. 100,000.00Php. 75,000.00(Php. 50,000.00)

Statement of changes in equity is important financial statement of business, which shows all changes…

Answered: Directions: Prepare the Statement of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Directions: Prepare the Statement of changes in equity. |Capital beginning Additional Investment Drawings Net Income/(Net loss) Date: December 31, 2020 Php. 125,000.00 Php. 25,000.00 Php. 78,000.00 Php, 125,00.00 Date: March 31, 2020 Php. 175,000.00 Php. 100,000.00 Php. 75,000.00 (Php. 50,000.00)