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Question 32 2 pts ACCCOB1 Company at the end of its first year of operations has total assets of P500,000 and total liabilities of
Question 32 2 pts ACCCOB1 Company at the end of its first year of operations has total assets of P500,000 and total liabilities of P200,000. The owner originally invested P150,000 in the business but has not made any further investments. Net income for the year amounted to P175,000. How much is the withdrawal made by the owner during its first year of operation?
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
