Multiple choice: 1. Entity A had total assets of ₱120M and total liabilities of ₱80M at the beginning of the period. If at the end of the period, total assets increased by ₱30M, while total liabilities remained the same, Entity A’s total equity at the end of the period would be A. ₱70M B. ₱60M C. ₱90M D. ₱80M

Name: Multiple choice:1. Entity A had total assets of ₱120M and total liabil
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Description: Multiple choice:1. Entity A had total assets of ₱120M and total liabilities of ₱80M at the beginning of the period. If at the end of the period, total assets increased by ₱30M, while total liabilities remained the same, Entity A’s total equity at the

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSB

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