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FDNACCT has beginning balance of owner's equity of 187,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,0 and P90,000, respectively. Total costs and expenses during the year amounted to P293,000. How much was total revenues earned during the period?

FDNACCT has beginning balance of owner's equity of 187,000. This increased to P500,000 at year-end. Owner's additional investment and withdrawal were P60,0 and P90,000, respectively. Total costs and expenses during the year amounted to P293,000. How much was total revenues earned during the period?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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FDNACCT has beginning balance of owner's equity of 187,000. 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 P293,000. How much was total revenues earned during the period? • Previous
Transcribed Image Text:FDNACCT has beginning balance of owner's equity of 187,000. 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 P293,000. How much was total revenues earned during the period? • Previous
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