Given: • Asset - P3,500,000 Liabilities - P500,000 Income - P1,250,000 Expenses - P750,000 Compute the owner's equity.
Given: • Asset - P3,500,000 Liabilities - P500,000 Income - P1,250,000 Expenses - P750,000 Compute the owner's equity.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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