At 28 February 2023, the balance date for a company called Bridgewater Pty Ltd, the closing balance of owners’ equity was $456,400. During the year ended 28 February 2023 Bridgewater Pty Ltd made a profit of $35,330 and paid dividends of $12,035.What was the value of opening owners’ equity for Bridgewater Pty Ltd for the year ended 28 February 2023?

Brewery Ltd made net sales of $39 700 and its gross profit was $29 100 for the same period. If the opening stock was $15 860 and net purchases $18 615, what was the value of closing stock

For the financial year ending 30 June, Sunset Ltd had a beginning balance for equity of $180,000 and an ending balance of $175,000. During the year the owner withdrew $120,000 for private use. How much profit did Sunset Ltd earn during the year?$125,000$60,000$5,000$115,000

Question 4 (Adapted Past exam question): Finding Equity’s balanceThe following opening balances are provided on 1 July 2019 for Wonder Alice Ltd:Retained Profits $50,000Share Capital $100,000General reserve $10,000Revaluation surplus $20,000Total Shareholder’s Equity $180,000During the financial year, the following transactions happened:• The company made a net profit after tax of $50,000.• The company transferred $15,000 from retained profits to general reserve.• The company declared and paid cash dividends totalled $20,000.• The company issued 1,000 new shares to an institutional investor and received$15,000 cash.• A bonus share issue of $10,000 was made out of the Revaluation Surplus.Required:(1) Draw up all the equity T-accounts (retained profits, share capital, general reserve,revaluation surplus)(2) Find the ending balance of Shareholders’ Equity

From the following account balances of Frosty Pty Ltd as at 30 June 2019, what is the total value of the business ASSETS? Cash at bank                                                 $14, 000Accounts receivable (net)                             54,000Inventory                                                         64,000Plant and equipment                                  350,000Goodwill                                                        180,000Accounts payable                                           45,000Borrowings                                                   184,000Provisions                                                        45,000Share capital                                                 240,000Retained earnings                                       148,000

A ltd. acquired 80% of shares of B. The balance of reserve is $18000 as on 1 Jan 2003. The closing balance of reserve is $50000 on 31 dec 2023. Calculate pre and post acquisition and non controlling interest share.