Question
At the beginning of the year, Cora Gabayan Calling Station had liabilities of P100,000 and owner's equity of P96,000. If assets increased by P40,000 and
At the beginning of the year, Cora Gabayan Calling Station had liabilities of P100,000 and owner's equity of P96,000. If assets increased by P40,000 and liabilities decreased by 30,000. What was the owner's equity at the end of the year ?
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
