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Increase in total assets of alipin services

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The creditors' claims over Alipin Services amounted to P1,400,000 and its net assets was equivalent to 70% of its total liabilities as at the start of the year. As a result of the operations during the year, liabilities increased by 20% and net assets decreased by P 120,000. How much is the increase in Total Assets of Alipin Services during the year?

Reference no: EM133012348

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