A Company has beginning balance of owner's equity of 163,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,000 and P90,000, respectively. Total costs and expenses during the year amounted to P250,000. How much is the revenue for the year? [DO NOT PUT COMMA OR PESO SIGN OR SPACE]
A Company has beginning balance of owner's equity of 163,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,000 and P90,000, respectively. Total costs and expenses during the year amounted to P250,000. How much is the revenue for the year? [DO NOT PUT COMMA OR PESO SIGN OR SPACE]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![A Company has beginning balance of owner's equity of 163,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,000 and P90,000,
respectively. Total costs and expenses during the year amounted to P250,000. How much is the revenue for the year? [DO NOT PUT COMMA OR PESO SIGN OR SPACE]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1f463c1-e72d-4dd6-9469-0692b02ded0f%2F71c0920b-1468-4eed-ad86-d99f2e60de87%2Fb15745_processed.png&w=3840&q=75)
Transcribed Image Text:A Company has beginning balance of owner's equity of 163,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,000 and P90,000,
respectively. Total costs and expenses during the year amounted to P250,000. How much is the revenue for the year? [DO NOT PUT COMMA OR PESO SIGN OR SPACE]
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