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Refer to the following data of SG Company:  Assets to be realized 1,375,000 Liabilities liquidated 1,875,000 Assets acquired 825,000 Liabilities not liquidated 1,700,000 Assets realized 1,200,000 Liabilities to be liquidated 2,250,000 Assets not realized 1,375,000 Supplementary charges 3,125,000 Liabilities assumed 1,625,000 Supplementary credits 2,800,000 Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.

Refer to the following data of SG Company:  Assets to be realized 1,375,000 Liabilities liquidated 1,875,000 Assets acquired 825,000 Liabilities not liquidated 1,700,000 Assets realized 1,200,000 Liabilities to be liquidated 2,250,000 Assets not realized 1,375,000 Supplementary charges 3,125,000 Liabilities assumed 1,625,000 Supplementary credits 2,800,000 Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 Refer to the following data of SG Company: 

Assets to be realized
1,375,000

Liabilities liquidated
1,875,000

Assets acquired
825,000

Liabilities not liquidated
1,700,000

Assets realized
1,200,000

Liabilities to be liquidated
2,250,000

Assets not realized
1,375,000

Supplementary charges
3,125,000

Liabilities assumed
1,625,000

Supplementary credits
2,800,000

Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.

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