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Statement of Realization and Liquidation has been prepared for Company. The totals are given below: Assets to be realized 60,000 Liabilities assumed 50,000 Assets acquired
Statement of Realization and Liquidation has been prepared for Company.
The totals are given below:
Assets to be realized 60,000
Liabilities assumed 50,000 Assets acquired 40,000
Liabilities not liquidated 65,000 Assets not realized 80,000
Supplementary credits 110,000 Liabilities to be liquidated 80,000
Supplementary charges?
Retained earnings increased to P15,000 (ending balance). The beginning balance of Share Capital and Retained Earnings are P100,000 and (P85,000), respectively.
Question: How much is the cash ending balance?
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