Learning Task 2: Read carefully the following situation and determine the A sets, Liabilities, and Equality of this situation. Write your answer in your note book. The business was put up from a cash of P200,000, the initial capital of the owner Then, P40,000 of the cash was used to purchase an equipment to be used in busi- ness. The purchase of equipment resulted in a liability of P20,000. How much an the total assets of the business? Solutions: PIVOT 4A CALABARZON 20
Learning Task 2: Read carefully the following situation and determine the A sets, Liabilities, and Equality of this situation. Write your answer in your note book. The business was put up from a cash of P200,000, the initial capital of the owner Then, P40,000 of the cash was used to purchase an equipment to be used in busi- ness. The purchase of equipment resulted in a liability of P20,000. How much an the total assets of the business? Solutions: PIVOT 4A CALABARZON 20
Chapter2: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 14SP
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