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What is the amount of the residual interest of the business

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If total liabilities amount to P400,000 which is 1/3 of the total assets, what is the amount of the residual interest of the business?

The economic resources of a business amount to P600,000 and its economic obligations amount to P285,000. What would be its residual interest?

If the residual interest of a business amounts to P1,500,000 which is 40% of the total assets and 2/3 of the total economic obligations, what are the amounts of the economic resources and economic obligations of the business?

Reference no: EM132879899

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