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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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