1. If total assets is P 50,000 and 2/3 of which is total liabilities, how much is the equity? 2. If total assets is P 87,750 and it is 135% of equity, how much is the total liabilities? 3. If total liabilities is twice the amount of equity and equity is P 46,000, how much is the totalassets?
1. If total assets is P 50,000 and 2/3 of which is total liabilities, how much is the equity?
2. If total assets is P 87,750 and it is 135% of equity, how much is the total liabilities?
3. If total liabilities is twice the amount of equity and equity is P 46,000, how much is the totalassets?
4. If equity is 4/5 of liabilities and total assets is P 90,000, how much is the total liabilities?
5. If total liabilities is 60% of assets, equity is what percent of liabilities?
6. If total assets is four times the amount of equity, total liabilities is what percent of assets?
7. If loss is P 56,000 and Income is 88,000, how much is the total expenses?
8. If total expenses is 120% of income, and income is P 85,000, how much is the profit or loss?
9. If beginning and ending equity is P 67,000 and P 88,000, respectively, how much is the total expenses if income is P 71,000, assuming there are no other transactions that affected equity?
10. Beginning total assets and total liabilities were P 40,000 and P 15,000, respectively. If assets increased by 20% and equity increased to P 35,000, how much is the ending total liabilities?
11. Beginning total assets and total liabilities were P 75,000 and P 30,000, respectively. If total liabilities increased by 25% and total assets increased to P 85,000, how much is total income if total expenses is P 52,000 assuming there were no investments and withdrawal.
12. At the end of the year, total assets and total liabilities were P 62,000 and P 40,000,
respectively. If during the year, total equity increased by 25%, how much was the beginning
total liabilities if beginning total assets was P 94,000?
13. At the end of the year, total assets and total liabilities were P 75,000 and P 52,000,
respectively. What was the beginning equity if assets increased by P 20,000 and liabilities
remained the same?
14. Beginning equity was P 50,000. During the year, the owner made additional investment of P 30,000. Expenses were P 15,000. If ending equity was P 10,000 higher than beginning, how much was the income of the business?
15. Ending total assets and total liabilities were P 55,000 and P 40,000, respectively. If total
income is P 32,000 and total expenses is P 30,000. How much is the beginning equity
assuming there were no other transactions that affected equity?
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