9. If total assets increased to P150,000 during the year and total liabilities decreased to P80,000,what is the amount of Owners' equity at the end of the year? *
9. If total assets increased to P150,000 during the year and total liabilities decreased to P80,000,what is the amount of Owners' equity at the end of the year? *
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 6RQ
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![9. If total assets increased to P150,000 during the year and total liabilities
decreased to P80,000,what is the amount of Owners' equity at the end of
the year? *](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b32b622-706b-4b8b-97ea-bd3fb8ebf87f%2F1a9f3cf6-b292-47d2-b54a-02ae2002061f%2F5qqwhsf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9. If total assets increased to P150,000 during the year and total liabilities
decreased to P80,000,what is the amount of Owners' equity at the end of
the year? *
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