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The following items were found in the statement of financial position of R. Dela Cruz's Fitness Gym: Cash P120,000; Bank

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The following items were found in the statement of financial position of R. Dela Cruz's Fitness Gym: 

Cash P120,000; 

Bank Loan Payable P400,000; 

Supplies P10,000; 

Gym Equipment P500,000, 

Account Receivable P280,000; 

Accounts Payable P360,000; 

Office Furniture P150,000. 

How much is the company's Net Worth?

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To calculate the company s Net Worth also known as Shareholder s E View the full answer


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Related Book For  answer-question
Financial Accounting

Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Posted Date: September 15, 2023 07:15:58
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