Faith D. Nakpil Accounting Services (FDNACCT) paid for the following: Purchase of equipment: P50,000 Operating expenses: P230,000 Interest of bank loan: P3,000 Principal of bank loan: P20,000 The owner also made a cash withdrawal of P50,000. How much is the total expense of the business?

Faith D. Nakpil Accounting Services (FDNACCT) paid for the following: Purchase of equipment: P50,000 Operating expenses: P230,000 Interest of bank loan: P3,000 Principal of bank loan: P20,000 The owner also made a cash withdrawal of P50,000. How much is the total expense of the business?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Faith D. Nakpil Accounting Services (FDNACCCT) paid for the following:
Purchase of equipment: P50,000
Operating expenses: P230,000
Interest of bank loan: P3,000
Principal of bank loan: P20,000
The owner also made a cash withdrawal of P50,000.
How much is the total expense of the business?

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