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

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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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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Posted Date: Sep 15, 2023 07:15 AM

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

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To calculate the companys Net Worth also known as Shareholders E... View the full answer

Financial Accounting

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