CFAS Company had total assets of P4,000,000 and shareholders' equity of P1,500,000 on January 1 During the year, assets increased by P900,000 and liabilities decreased to P800,000 CFAS Company should report what amount of shareholders' equity on December 31 CFAS Company had total assets of P4,000,...

1 Accounting equation Assets Liabilities Stockho ...

CFAS Company had total assets of P4,000,000 and shareholders' equity of P1,500,000 on January 1. During...

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Cornerstones of Financial and Managerial Accounting

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CFAS Company had total assets of P4,000,000 and shareholders' equity of P1,500,000 on January 1. During...

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