Statement of Realization and Liquidation has been prepared for Promise Fulfilled Company. The totals are given below: Assets to be realized 60,000 Liabilities assumed 50,000 Assets acquired 40,000 Liabilities not liquidated 65,000 Assets not realized 80,000 Supplementary credits 110,000 Liabilities to be liquidated 80,000 Supplementary charges ? Retained earnings increased by P25,000. The beginning balance of Share
A Statement of Realization and Liquidation has been prepared for Promise Fulfilled Company. The totals are given below:
Assets to be realized 60,000 Liabilities assumed 50,000
Assets acquired 40,000 Liabilities not liquidated 65,000
Assets not realized 80,000
Supplementary credits 110,000
Liabilities to be liquidated 80,000 Supplementary charges ?
Retained earnings increased by P25,000. The beginning balance of Share Capital and Retained Earnings are P100,000 and (P40,000), respectively.
How much is the ending cash balance?
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