On June 1,20A,Global Services,Inc.,was started with $50,000 invested by the owners as share capital.On June 30,the accounting records contained the following amounts:
Prepare a statement of changes in equity for June,the first month of operation.Ignore income taxes.
Definitions:
Resources
Assets, materials, or inputs used in the process of achieving goals or completing projects, including human skills, technology, and financial assets.
Mean
A statistical measure representing the average value of a set of numbers, calculated as the sum of all the values divided by the number of values.
Standard Deviations
A statistical measure that quantifies the amount of variation or dispersion of a set of values.
Control Limits
The parameters within which a process or monitoring variable is considered acceptable, helping to identify deviations from expected performance.
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