1. If total assets is P 34,500 and liabilities are thrice as much as the equity, equity is what percent of assets?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....
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1. If total assets is P 34,500 and liabilities are thrice as much as the equity, equity is what percent of assets?

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