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Determine the government equity for the year

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Question - Agency RRR had the following account balances for the year 2011:

Current Assets P10,000,000

Investment and Fixed Assets 90,000,000

Other Assets 5,000,000

Liabilities 18,000,000

Contingent Liabilities 5,000,000

Contingent Assets 3,000,000

Required - Determine the Government Equity for the year 2011?

Reference no: EM133174709

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