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Find what total liabilities would be

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Assets and liabilities started with balances of P75,000 and P25,000, respectively. By the end of the year, assets doubled while liabilities were reported at 150% of the year-end balance of capital which in turn was a 20% increase from its beginning balance.

Problem 1: If owner's equity of P180,000 were 2/3 of total assets, then total liabilities would be

Reference no: EM133010370

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