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What is the amount of the residual interest of the business

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Question 1: If owner's equity is P125, 000 which is 40% of the total assets, how much is the total liabilities of the business?

Question 2: If the economic resources of a business amount to P2,400,000 and its residual interest amounts to P1,995,000, what is the amount of its economic obligations?

Question 3: The economic resources of a business amount to P1,600,000 and its economic obligations amount to P788,000, what would be its residual interest?

Question 4: If the total owner's equity is P580,000 which is ¼ of the total assets, what is the amount of the residual interest of the business?

Question 5: If the economic obligations of a business amount to P160,000 and its residual interest amounts to P264,000, what would be the amount of the economic resources of the business?

Reference no: EM132650716

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