The liabilities of Barney Barn are equal to 1/3 of the total assets. The owner's equity is P 6,300,500. What is the amount of the liabilities?
The liabilities of Barney Barn are equal to 1/3 of the total assets. The owner's equity is P 6,300,500. What is the amount of the liabilities?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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