How would I determine the additional investment?
I'm absolutely stumped on this, I don't know how to figure out the additional investment from the information given.
Here is the information given:
Owner's equity 46,923
December 31, 2010
Owner's equity 59,360
Owner's equity changes in year
Additional investment _____
Total revenues 351,705
Total expenses 321,252
What is the additional investment, and how did you determine this?
The first section of assets,liabilities, and owner's equity is from Jan 1, 2010
- kemperkLv 79 years agoFavorite Answer
additional investment is unlikely to have occurred.
The company had 13+k in additional OE, and a net profit before
taxes of 30k
my definition of investment is money taken from OE or from one's pocket