MAS
Southeastern Oklahoma State University
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MAS(PROBLEMS)- Test Banks Questions AND ANSWERS
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MAS(PROBLEMS)- Test Banks Questions
1. Based on the following, compute total owners' equity.
Cash P 8,000 Total noncurrent liabilities
P 0
Total assets P64,000 Retained earnings
P16,000
Total contributed capital P12,000 Current liabilities
P36,000
2. Based on the following, compute total noncurrent assets.
Total current assets P600,000
Total current liabilities P240,000
Retained earnings P162,000
Total noncurrent liabilities P710,000
Total contributed capital P360,000
3. Based...
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MAS(PROBLEMS)- Test Banks Questions AND ANSWERS
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MAS(PROBLEMS)- Test Banks Questions 1. Based on the following, compute total owners' equity. Cash P 8,000 Total noncurrent liabilities P 0 Total assets P64,000 Retained earnings P16,000 Total contributed capital P12,000 Current liabilities P36,000 2. Based on the following, compute total noncurrent assets. Total current assets P600,000 Total current liabilities P240,000 Retained earnings P162,000 Total noncurrent liabilities P710,000 Total contributed capital P360,000 3. Based...
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