Answer to Question #241182 in Accounting for samantha

Question #241182

SFP Question 3

Liabilities= 0

Assets= 350,000 pesos

Owner's Equity = ?

Expert's answer

Assets = Owner's Equity + Liabilities

Owner's Equity = Assets - Liabilities

Owner's Equity = 350,000 - 0 = 350,000 pesos

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