At the beginning of the year, Vickey Barney Company's assets amount P 7,562,432 and the owner's equity amounting to P 2,567,889. During this year, assets increased by P 524,332 while liabilities decreased by P 35, 589. How much is the owner's equity at the end of the year?
At the beginning of the year, Vickey Barney Company's assets amount P 7,562,432 and the owner's equity amounting to P 2,567,889. During this year, assets increased by P 524,332 while liabilities decreased by P 35, 589. How much is the owner's equity at the end of the year?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 3RE: Cee Co.s fiscal year begins April 1. At the beginning of its fiscal year, Cee Co. estimates that...
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At the beginning of the year, Vickey Barney
Company's assets amount P 7,562,432 and the
owner's equity amounting to P 2,567,889. During this
year, assets increased by P 524,332 while liabilities decreased by P 35, 589. How much is the owner's
equity at the end of the year?
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