Reference no: EM133187373
Question - Statement of Realization & Liquidation of Riverdale is presented below:
ASSETS:
Assets to be realized - 1,375,000
Assets acquired- 250,000
Assets realized - 1,200,000
Assets not realized - 400,000
LIABILITIES:
Liabilities liquidated - 1,875,000
Liabilities not liquidated - 1,700,000
Liabilities to be liquidated - 2,250,000
Liabilities assumed - 1,625,000
Supplementary charges - 500,000
Supplementary credits - 655,000
If cash balance at the end is P1,500,000, how much is the beginning shareholders' equity?
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: Statement of Realization & Liquidation of Riverdale is presented below: If cash balance at the end is P1,500,000, how much is the beginning shareholders' equity
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