Answered: 9. If total assets increased to…

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? *

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