Given: • Asset - P3,500,000 Liabilities - P500,000 Income - P1,250,000 Expenses - P750,000 Compute the owner's equity.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given:
• Asset - P3,500,000
• Liabilities - P500,000
Income - P1,250,000
Expenses - P750,000
Compute the owner's equity.
Transcribed Image Text:Given: • Asset - P3,500,000 • Liabilities - P500,000 Income - P1,250,000 Expenses - P750,000 Compute the owner's equity.
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