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Good work question 5 at january 1 2019 buhay incs

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Good workQuestion 5At January 1, 2019, BUHAY, Inc.'s total assets and total liabilities amounted to P590,000and P240,000, respectively. At the end of the year, net assets amounted to P900,000.
During the year, additional investments from shareholders amounted to P300,000, whiledividends paid amounted to P180,000.BUHAY's net income during the yearis_______________
FeedbackGood workQuestion 6SUNRISE, Inc. trial balance reflected the following account balances at December 31,2019: Accounts receivable (net) P19,000, Accumulated depreciation - equipmentP15,000, Cash 11,000, Inventory 30,000, Equipment 25,000, Patent 4,000, Prepaidexpenses 2,000, Land held as a future business site 18,000. How much is SUNRISE'scurrent assets at December 31, 2019?
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Term
Spring
Professor
N/A
Tags
Balance Sheet, Generally Accepted Accounting Principles, five year period, alab

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