1. Ding Dong has an obligation Php 450,000. If the total assets are Php 950,000, how...

 

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1. Ding Dong has an obligation Php 450,000. If the total assets are Php 950,000, how much is the amount of owner's equity? 2. Maine's residual interest showed a balance of Php 350,000. If it claims an ownership in asset worth Php 1,000,000, how much is the liabilities? 3. Luz Co. has an owner's equity of Php 700,000 and a financial obligation of Php 300,000 how much is the firm's total assets? 4. As of the end of the period, Ang brokerage firm has a total assets equal to Php 970,000 and total liabilities equal to Php 500,000. What is the equity of Ang brokerage as of the end of the period? 1. Ding Dong has an obligation Php 450,000. If the total assets are Php 950,000, how much is the amount of owner's equity? 2. Maine's residual interest showed a balance of Php 350,000. If it claims an ownership in asset worth Php 1,000,000, how much is the liabilities? 3. Luz Co. has an owner's equity of Php 700,000 and a financial obligation of Php 300,000 how much is the firm's total assets? 4. As of the end of the period, Ang brokerage firm has a total assets equal to Php 970,000 and total liabilities equal to Php 500,000. What is the equity of Ang brokerage as of the end of the period?

Answer rating: 100% (QA)

To answer these questions we can use the basic accounting equation AssetsLiabilitiesOwnersEquityAsse... View the full answer