The liabilities of Barney Barn are equal to 1/3 of the total assets. The owner's equity is P 6,300,500. What is the amount of the liabilities?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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3,651.00
3. The liabilities of Barney Barn are equal to 1/3 of the
total assets. The owner's equity is P 6,300,500. What
is the amount of the liabilities?
Transcribed Image Text:3,651.00 3. The liabilities of Barney Barn are equal to 1/3 of the total assets. The owner's equity is P 6,300,500. What is the amount of the liabilities?
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