At the end of the year of 2019, Barney BarN Inc. has a total assets of P 8, 435,969 and total liabilities of P 2,561, 367. During the year of 2019, assets increased by P 482,463 while liabilities decreased by P163,469. What is the amount of capital at the beginning of 2019?

At the end of the year of 2019, Barney BarN Inc. has a total assets of P 8, 435,969 and total liabilities of P 2,561, 367. During the year of 2019, assets increased by P 482,463 while liabilities decreased by P163,469. What is the amount of capital at the beginning of 2019?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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