I need help answering these questions, please help.
At the end of 2016, the total assets of XYZ Store amounted to P650, 000, 40% of which is current. Total liabilities are P120, 000. During the year, the company registered total revenue of P850, 000, cost of goods sold is 40% and selling and general expenses are 20%.XYZ, Capital is Select one: O a. P320,000 O b. P770,000 O C. P530,000 O d. P850,000Net income reported for 2016 is P200, 000, the adjusted balance for liability is P30, 000, capital beginning is P100, 000, and current assets totaled P150, 000. The capital, ending is Select one: O a. P330,000 O b. P350,000 O C. P250,000 O d. P300,000Marilag Beauty Shop has total assets of P250, 000, liabilities of P20, 000, capital of P130, 000, revenues of P150, 000 and expenses of P30, 000.Marilag, Drawing is Select one: O a. P20,000 O b. P10,000 O C. P50,000 O d. P120,000On January 1, 2016, the building was recorded at cost of P450, 000. The building was bought on July 1, 2015 with a useful life of 20 years and salvage value of P50, 000. The book value of the building on December 31, 2016 is Select one: O a. P420,000 O b. P470,000 O C. P370,000 O d. P 400,00Net income reported for 2016 is P200, 000, the adjusted balance for liability is P30, 000, capital beginning is P100, 000, and current assets totaled P150, 000. The amount of non-current assets Select one: O a. P250,000 O b. P120,000 O C. P80,000 O d. P180,000An equipment was purchased on January 1, 2017 for P50, 000 with a salvage value of P5, 000 and useful life of 10 years. The company has a semi-annual accounting period. The amount of depreciation to be recorded on June 30, 2017 is Select one: O a. P2,500 O b. P2,250 O C. P5,000 O d. P4,500On January 1, 2016, the building was recorded at cost of P450, 000. The building was bought on July 1, 2015 with a useful life of 20 years and salvage value of P50, 000. The accumulated depreciation at the end of its second year , July1, 2017 will be Select one: O a. P40,000 b. P30,000 O C. P60,000 O d. P50,000The total equity of the business is P500, 000. Owner's equity is P400, 000. Plant and Equipment is 45% of total Assets, the total current assets is Select one: O a. P100,000 O b. P225, 000 O C. P275, 000 O d. P220, 000Mr. A has the following revenue transactions during April of the current year: Rendered services: Cash, P5, 000 & on credit, P3, 500; received P5000 advance payment for services to be rendered in May. The amount of income to be recognized in April is Select one: O a. P13,500 O b. P8,500 O C. P10,000 O d. P5,000The total equity of the business is P500, 000. Owner's equity is P400, 000. Plant and Equipment is 45% of total Assets. The creditor's claim over the assets of the business is Select one: O a. Answer not given. O b. P100,000 O C. P500,000 O d. P400,000At the end of 2016, the total assets of XYZ Store amounted to P650, 000, 40% of which is current. Total liabilities are P120, 000. During the year, the company registered total revenue of P850, 000, cost of goods sold is 40% and selling and general expenses are 20%. Selling and general expenses amounted to Select one: O a. P68,000 O b. P200,000 O C. P170,000 O d. P102,000
