3. The following data were taken from the statement of realization and liquidation of AAA Corp. for the quarter ended June 1, 2011. Assets to be realized 687,500 1,062,500 Supplementary credits Liabilities to be liquidated Supplementary charges Liabilities līquidated Assets acquired 1,125,000 975,000 750,000 750,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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3. The following data were taken from the statement of realization and liquidation of AAA Corp.
for the quarter ended June 1, 2011.
Assets to be realized
687,500
1,062,500
Supplementary credits
Liabilities to be liquidated
Supplementary charges
Liabilities liquidated
Assets acquired
1,125,000
975,000
750,000
750,000
The ending capital balances of capital stock and retained earnings are P865,000 and P238,000,
respectively. A net loss of P302,000 for the period. How much is the ending balances of cash?
А. 1,500,000
В. 1,680,000
C. 1,305,000
D. 1,076,000
Transcribed Image Text:3. The following data were taken from the statement of realization and liquidation of AAA Corp. for the quarter ended June 1, 2011. Assets to be realized 687,500 1,062,500 Supplementary credits Liabilities to be liquidated Supplementary charges Liabilities liquidated Assets acquired 1,125,000 975,000 750,000 750,000 The ending capital balances of capital stock and retained earnings are P865,000 and P238,000, respectively. A net loss of P302,000 for the period. How much is the ending balances of cash? А. 1,500,000 В. 1,680,000 C. 1,305,000 D. 1,076,000
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