Assets to be realized P 330,000  Assets acquired 360,000  Assets realized  420,000  Assets not realized 150,000  Liabilities to be liquidated 540,000  Liabilities assumed 180,000  Liabilities liquidated 360,000  Liabilities not liquidated 450,000  Supplementary credits  510,000  Supplementary charges 468,000  The ending balances of capital stock and retained earnings are P300,000 and  P120,000,respectively. 1. How much is the ending balance of cash

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data were taken from the statement of realization and liquidation of 
XYZ Corporation for the quarter ended September 30, 2008: 
Assets to be realized P 330,000 
Assets acquired 360,000 
Assets realized 
420,000 
Assets not realized 150,000 
Liabilities to be liquidated 540,000 
Liabilities assumed 180,000 
Liabilities liquidated 360,000 
Liabilities not liquidated 450,000 
Supplementary credits 
510,000 
Supplementary charges 468,000 
The ending balances of capital stock and retained earnings are P300,000 and 
P120,000,respectively.

1. How much is the ending balance of cash?

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