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GUINTO_ANSWER_FINANCIAL_ANALYSIS_AND_REPORTING (1).pdf -...

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GUINTO, JOHN ERICBSBA4FMActivity 1: Use the following information to prepare a statement of comprehensive income, astatement of changes in equity and statement of financial position of HKG Ltd.HKG LtdStatement of Comprehensive IncomeFor the Year Ended December 31, 2013Sales1,480Other Income100Total Income1,580Less: Operating Expenses1,487Distribution Cost185Administrative Cost325Purchases970Debenture Interest7Total Comprehensive Income for the Year93HKG LtdStatement of Changes in EquityFor the Year Ended December 31, 2013Owner’s equity at January 01, 2013Add:Share Capital625Net Income93Sub Total718Deduct: DrawingsDividends Paid0Owner’s Equity at December 31, 2013
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Term
Fall
Professor
NoProfessor
Tags
Generally Accepted Accounting Principles, HKG Ltd, Statement of comprehensive income

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