Homework Help is Here – Start Your Trial Now!
Business
Accounting
Exercise 4 Answer the following questions. Show your computations in good form. 1. If total liabilities amount to P400,000 which is amount of the residual interest of the business? 2. The economic resources of a business amount to P600,000 and its economic obligations amount to P285,000. What would be its residual interest? of the total assets, what is the 3. The economic resources of a business amount to 300,000 and its economic obligations amount to 125,000. What would be its residual interest? E 4. If owner's equity is P150,000 which is 40% of the total assets, how much is the total liabilities of the business? Jroa fed 5. The economic resources of the business is 180% of its residual interest and its residual interest is 125% of its economic obligations. How much are the total economic resources and residual interest of the business if its economic obligations is 320,000? .e 6. If the economic obligations of a business amount to P60,000 and its residual interest amounts to 150,000, what would be the amount of the economic resources of the business? 7. If owner's equity is thrice the total liabilities which is 1 4 of total assets, what would be the owner's equity of the business? The amount of total assets is 800,000... 8. If the economic resources of a business amount to 400,000 and its residual interest amounts to 190,000, what is the amount of its economic obligations? 9. If the total owner's equity is P300,000 which is of the total assets, what would be the total liabilities of the business? 10. If the residual interest of a business amounts to 1,500,000 which is 40% of the total assets and of the total economic obligations, what are the amounts of the 2 3 economic resources and economic obligations of the business? A 4 GR et

Exercise 4 Answer the following questions. Show your computations in good form. 1. If total liabilities amount to P400,000 which is amount of the residual interest of the business? 2. The economic resources of a business amount to P600,000 and its economic obligations amount to P285,000. What would be its residual interest? of the total assets, what is the 3. The economic resources of a business amount to 300,000 and its economic obligations amount to 125,000. What would be its residual interest? E 4. If owner's equity is P150,000 which is 40% of the total assets, how much is the total liabilities of the business? Jroa fed 5. The economic resources of the business is 180% of its residual interest and its residual interest is 125% of its economic obligations. How much are the total economic resources and residual interest of the business if its economic obligations is 320,000? .e 6. If the economic obligations of a business amount to P60,000 and its residual interest amounts to 150,000, what would be the amount of the economic resources of the business? 7. If owner's equity is thrice the total liabilities which is 1 4 of total assets, what would be the owner's equity of the business? The amount of total assets is 800,000... 8. If the economic resources of a business amount to 400,000 and its residual interest amounts to 190,000, what is the amount of its economic obligations? 9. If the total owner's equity is P300,000 which is of the total assets, what would be the total liabilities of the business? 10. If the residual interest of a business amounts to 1,500,000 which is 40% of the total assets and of the total economic obligations, what are the amounts of the 2 3 economic resources and economic obligations of the business? A 4 GR et

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Exercise 4 Answer the following questions. Show your computations in good form. 1. If total liabilities amount to 400,000 which is 31/3₁ of the total assets, what is the 3 the lattans d amount of the residual interest of the business? 2. The economic resources of a business amount to 600,000 and its economic obligations amount to P285,000. What would be its residual interest? 3. The economic resources of a business amount to $300,000 and its economic obligations amount to 125,000. What would be its residual interest? 4. If owner's equity is 150,000 which is 40% of the total assets, how much is the total liabilities of the business? 5. The economic resources of the business is 180% of its residual interest and its residual interest is 125% of its economic obligations. How much are the total economic resources and residual interest of the business if its economic obligations is $320,000? 6. If the economic obligations of a business amount to P60,000 and its residual interest amounts to 150,000, what would be the amount of the economic resources of the business? 7. If owner's equity is thrice the total liabilities which is 1 of total assets, what would 4 be the owner's equity of the business? The amount of total assets is P800,000.co 8. If the economic resources of a business amount to 400,000 and its residual interest amounts to 190,000, what is the amount of its economic obligations? 4.24 1 9. If the total owner's equity is P300,000 which is of the total assets, what would be the total liabilities of the business? 3 MAC greso 10. If the residual interest of a business amounts to 1,500,000 which is 40% of the ANDA 2 total assets and of the total economic obligations, what are the amounts of the 3 economic resources and economic obligations of the business?
Transcribed Image Text:Exercise 4 Answer the following questions. Show your computations in good form. 1. If total liabilities amount to 400,000 which is 31/3₁ of the total assets, what is the 3 the lattans d amount of the residual interest of the business? 2. The economic resources of a business amount to 600,000 and its economic obligations amount to P285,000. What would be its residual interest? 3. The economic resources of a business amount to $300,000 and its economic obligations amount to 125,000. What would be its residual interest? 4. If owner's equity is 150,000 which is 40% of the total assets, how much is the total liabilities of the business? 5. The economic resources of the business is 180% of its residual interest and its residual interest is 125% of its economic obligations. How much are the total economic resources and residual interest of the business if its economic obligations is $320,000? 6. If the economic obligations of a business amount to P60,000 and its residual interest amounts to 150,000, what would be the amount of the economic resources of the business? 7. If owner's equity is thrice the total liabilities which is 1 of total assets, what would 4 be the owner's equity of the business? The amount of total assets is P800,000.co 8. If the economic resources of a business amount to 400,000 and its residual interest amounts to 190,000, what is the amount of its economic obligations? 4.24 1 9. If the total owner's equity is P300,000 which is of the total assets, what would be the total liabilities of the business? 3 MAC greso 10. If the residual interest of a business amounts to 1,500,000 which is 40% of the ANDA 2 total assets and of the total economic obligations, what are the amounts of the 3 economic resources and economic obligations of the business?
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

can you please answer also the items no.2 - no.10

Solution
Bartleby Expert
SEE SOLUTION
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS