5. Current Assets is P50,000, Non-Current Assets is P150,000.00, Current Liabilities is P10,000 and NonCurrent Liabilities is P40,000, How much is the Equity of the company? Remember the Accounting EquationAssets is equals to Liability and Owner's Equity AccountActivity 2Solve the accounting Equation:1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is theowner's equity account?the2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is total Liabilities?the3. Assets is equal to P350,000, Owner's equity is 250,000, How much is,Equity?4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance ofsytP50,000. How much is total assets?5 Current Assets is P50,000, Non- Current Assets is P150,000.00, Current Liabilities is P10,000 and Non-Current Liabilities is P40,000, How much is the Equity of the company.

Hi student Since there are multiple questions, we will answer only first question.

Answered: . Current Assets is P50,000,…

. Current Assets is P50,000, Non-Current Assets is P150,000.00, Current Liabilities is P10,000 and NonCurrent Liabilities is P40,000, How much is the Equity of the company?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5. Current Assets is P50,000, Non-Current Assets is P150,000.00, Current Liabilities is P10,000 and NonCurrent Liabilities is P40,000, How much is the Equity of the company?

Remember the Accounting Equation
Assets is equals to Liability and Owner's Equity Account
Activity 2
Solve the accounting Equation:
1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the
owner's equity account?
the
2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is total Liabilities?
the
3. Assets is equal to P350,000, Owner's equity is 250,000, How much is,Equity?
4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance of
syt
P50,000. How much is total assets?
5 Current Assets is P50,000, Non- Current Assets is P150,000.00, Current Liabilities is P10,000 and Non-
Current Liabilities is P40,000, How much is the Equity of the company.

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