1. If Lakay Lugawan has total assets of P115,000 and total lists of P12,500, how much is LakayLugawal total equity? 2. Hannah Maganda has total assets of P25,000 and equity of P32,000, how much are her liabilities? 3. The total income of the Basit Machine shop is P110,000 and total expenses of P30,000 how much is the Basit machine shop profit(or loss)?

1. If Lakay Lugawan has total assets of P115,000 and total lists of P12,500, how much is LakayLugawal total equity? 2. Hannah Maganda has total assets of P25,000 and equity of P32,000, how much are her liabilities? 3. The total income of the Basit Machine shop is P110,000 and total expenses of P30,000 how much is the Basit machine shop profit(or loss)?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 16PROB

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