The ending owner’s capital of the business amounts to P100, 000. The beginning assets and liabilities are P100, 000 and P60, 000, respectively, and the owner contributed additional investment of P10, 000. a.the net income would be b.How much is the ending total assets of the business? c.how much is the total revenue of the business?
The ending owner’s capital of the business amounts to P100, 000. The beginning assets and liabilities are P100, 000 and P60, 000, respectively, and the owner contributed additional investment of P10, 000. a.the net income would be b.How much is the ending total assets of the business? c.how much is the total revenue of the business?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The ending owner’s capital of the business amounts to P100, 000. The beginning assets and liabilities are P100, 000 and P60, 000, respectively, and the owner contributed additional investment of P10, 000.
a.the net income would be
b.How much is the ending total assets of the business?
c.how much is the total revenue of the business?
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