11. At the beginning of the year, an Entity had total assets of P700,000 and total liabilities of P500,000. If the total assets increased by 30% and owner's equity increased by the same percent, what...

11. At the beginning of the year, an<br>Entity had total assets of P700,000<br>and total liabilities of P500,000. If the<br>total assets increased by 30% and<br>owner's equity increased by the same<br>percent, what is the amount of total<br>liabilities at the end of the year?<br>O A. P650,000<br>O B. P560,000<br>O C. P410,000<br>OD. P260,000<br>

Extracted text: 11. At the beginning of the year, an Entity had total assets of P700,000 and total liabilities of P500,000. If the total assets increased by 30% and owner's equity increased by the same percent, what is the amount of total liabilities at the end of the year? O A. P650,000 O B. P560,000 O C. P410,000 OD. P260,000

Jun 02, 2022

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11. At the beginning of the year, an Entity had total assets of P700,000 and total liabilities of P500,000. If the total assets increased by 30% and owner's equity increased by the same percent, what...

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