1. Hannah Maganda has total assets of P25000 and equity of P32000. How much is her liabilities? 2. The total income of basit machine shop is P110000 and total expense of P30000 how much is basit Machine shop profit(or loss)? 3. The initial investment of the owner in his business is p75000. At the end of each year the total assets of the business amounted to p100000 ,which consist of p50000 and p50000 equipment.The equipment has an unpaid balance if P20000 the only liability of the business. How much is the owners equity at the end of each of the year?
1. Hannah Maganda has total assets of P25000 and equity of P32000. How much is her liabilities? 2. The total income of basit machine shop is P110000 and total expense of P30000 how much is basit Machine shop profit(or loss)? 3. The initial investment of the owner in his business is p75000. At the end of each year the total assets of the business amounted to p100000 ,which consist of p50000 and p50000 equipment.The equipment has an unpaid balance if P20000 the only liability of the business. How much is the owners equity at the end of each of the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Hannah Maganda has total assets of P25000 and equity of P32000. How much is her liabilities?
2. The total income of basit machine shop is P110000 and total expense of P30000 how much is basit Machine shop profit(or loss)?
3. The initial investment of the owner in his business is p75000. At the end of each year the total assets of the business amounted to p100000 ,which consist of p50000 and p50000 equipment.The equipment has an unpaid balance if P20000 the only liability of the business. How much is the owners equity at the end of each of the year?
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