Question
Theo Company's Accounts Receivable amounted to P^(500),000. Prepaid Expense and Unearned Income are 30,000 and 10,000 respectively. Cash balance amounted to P^(100),000 while Accounts Payable
Theo Company's Accounts Receivable amounted to P^(500),000. Prepaid Expense and Unearned Income are 30,000 and 10,000 respectively. Cash balance amounted to P^(100),000 while Accounts Payable and Inventory are P^(20),000 and P 10,000 respectively. Calculate how much is the company's current assets?
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The companys current assets can be calculated by summing up its acco...
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
