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a) The total assets at the end of the period of Amazing Enterprise for the period were RM386,000 and liabilities were 25% of the owner's
a) The total assets at the end of the period of Amazing Enterprise for the period were RM386,000 and liabilities were 25% of the owner's equity. Determine the owner's equity at the end of the period. (3 marks) b) The liabilities of Red Rose Enterprise are RM17,000, while its owner's equity is RM32,000. Calculate how much is the total assets of Red Rose Enterprise. (2 marks) c) Based on the following information of a firm, calculate how much is the firm's expenses. (2 marks) d) At the beginning of the year, Alex Trading had total assets of RM320,000 and liabilities of RM132,000. During the year, assets increased by RM52,000, and owner's equity decreased by RM62,300. Determine the liabilities at the end of the year. (4 marks) e) Questions i, ii and iii are related to the information below: i. Calculate the value of X. (1 mark) ii. Calculate the value of Y. (1 mark) iii. Calculate the value of Z. (1 mark)
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