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Entity A had total assets and total liabilities of 120M and 85M, respectively, at the beginning of the period. During the period, Entity A earned
Entity A had total assets and total liabilities of ₱120M and ₱85M, respectively, at the beginning of the period. During the period, Entity A earned total income of ₱60 and incurred total expenses of ₱45. How much is Entity A's ending total equity?
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To calculate Entity As ending total equity we need to use the basic accounting equation Total Equity ...
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
14th Edition
1260247821, 978-1260247824
