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Compute for the missing item: Assets, Beg P 16,000 Assets, End 20,000 Liabilities, Beg 4,000 Liabilities, End ? Additional Investment 4,000 Withdrawals 3,000 Revenues 8,000 Expenses 3,200 O P2,200 P1,800 O P4,000 O P5,800 Question 10 1 pts Assets at the beginning of the year amounted to P48,000 while liabilities were only 1/3 of this figure. By the end of the year, assets increased to 150% while liabilities decreased by 25%. If the owner made withdrawals of P9,000 while revenues generated totaled P75,000, the total expenses incurred by the business during the year amounted to P38,000 P72,000 P6,000 O P60,000 The statement of financial position of Humps Company shows a capital balance of P360, 000 which is equal to 1/3 of its total assets. How much is the total liabilities? P120,000 P720,000 O P480,000 P1.080,000 The following are accounts taken from the books of Tiger Advertising Agency. Cash P725,000 Accounts receivable 40,000 Notes receivable 10,000 Prepaid rent 24, 000 Office Equipment 44, 000 Furniture and Fixtures 34, 000 Supplies 4,200 Accounts Payable 263,000 Notes payable 17,000 How much is the current asset of the company? O P793,200 O P799,000 O P779,200 P803, 200