Solution-Did the business incur a net income or a net loss

Did the business incur a net income or a net loss

Reference no: EM132634131

Question - The owner's equity at the beginning of the period was P100,000; at the end of the period, assets were P155,000 and liabilities were P59,000. If the owner made no additional investments or withdrawals during the period, did the business incur a net income or a net loss for the period?

Reference no: EM132634131

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Did the business incur a net income or a net loss

Reference no: EM132634131

Reference no: EM132634131

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