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What is the new balance of the total assets

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Reference no: EM132987200

Problem 1. The total assets of Company A are P400,000 of which P50,000 is accounts receivable. Subsequently, 22,500 of accounts receivable was collected. What is the new balance of its total assets?

Problem 2. The net asset of Y was 225,000. An accounts payable of 11,700 was paid. What is the new balance of Y's net asset?

Reference no: EM132987200

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