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Find what is the amount of the owner equity for alex

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Reference no: EM133008269

Question 1: Alex started his business by investing the following: Cash P 80,000; Equipment originally purchased at P30,000 but with a fair market value of P 15,000 at investment date; land originally purchased at P 150,000 but with a fair market value of P 300,000 at investment date; Supplies of 30,000 bought via a loan from the bank by the compatiy. What is the amount of the owner's equity?

Reference no: EM133008269

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