1. Net Income in 2020 a. P140,000 b. Р70,000 с. Р50,000 d. P120,000 2. Working capital, end of 2020 a. P340,000 b. Р320,000 с. Р390,000 d. P250,000 3. Retained earnings, end of 2020 a. P140,000 b. P70,000 с. Р50,000 d. P120,000
1. Net Income in 2020 a. P140,000 b. Р70,000 с. Р50,000 d. P120,000 2. Working capital, end of 2020 a. P340,000 b. Р320,000 с. Р390,000 d. P250,000 3. Retained earnings, end of 2020 a. P140,000 b. P70,000 с. Р50,000 d. P120,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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