question archive Presented below is a condensed version of the comparative statements of financial position for BMW Company for the last 2 years at December 31 (amounts in millions)
Presented below is a condensed version of the comparative statements of financial position for BMW Company for the last 2 years at December 31 (amounts in millions)
Subject:BusinessPrice: Bought3
Presented below is a condensed version of the comparative statements of financial position for BMW Company for the last 2 years at December 31 (amounts in millions). 2020 2019 Assets Investments Equipment Less: Accumulated depreciation-equipment Accounts receivable Cash Total €234,000 €1,341,000 €(477,000) €810,000 €706,500 €2,614,500 €333,000 €1,080,000 €1400,500) €832,500 €351,000 €2,196,000 Equity and Liabilities Share capital-ordinary Retained earnings Current liabilities Total €720,000 €1,291,500 €603,000 €2,614,500 €720,000 €796,500 €679,500 €2,196,000 Additional information: Net income was €2,160,000. Investments were sold for a price of €67,500 (at a loss of €31,500). No equipment was sold. Cash dividends paid were €225,000.
