50 The owner of Neros company has hired you to analyze het company's performance and financial position as well as the p

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50 The Owner Of Neros Company Has Hired You To Analyze Het Company S Performance And Financial Position As Well As The P 1 (25.72 KiB) Viewed 27 times

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50 The owner of Neros company has hired you to analyze het company's performance and financial position as well as the positions of its competitors, Centar and Xenmix. However, the data Neros obtained is incomplete and is shown in the following Tablea Dashboard. Accounting Equation Data Neros Centar Xenmix $100,000 $80,000 $60,000 $40,000 $20.000 $0 Assets Liabilities Equity Assets Liabilities Equity Assets Liabilities Equity
Neros Income Statement Data Neros Revenue Accounts $50,000 $40,000 $30,000 $20,000 $10,000 $0 +ableau Consulting Revenue Rental Revenue Neros Expense Accounts Utilities Expense Insurance Expense Salaries Expense Rent Expense Advertising Expense ge
1. Using income statement data for Neros, prepare a December income statement dated December 31 2. If the owner of Neros withdraws cash from the business to pay for a family vacation, how is this reported on the financial statements? 3. If the owner of Neros invests cash into the business, how is this reported on the financial statements? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Using income statement data for Neros, prepare a December Income statement dated December 31. NEROS income Statement Mayt