V. ACTIVITY 1. (Computation of Unknown Accounting Values)
Instruction: Analyze the transaction and calculate the missing amount that relates to the financial position of an enterprise.
A. Purita Quintos has an obligation of P450, 000. If the total assets are P950,000, how much is the amount of owner's equity?
B. Bernadette Ordonez' residual interest showed a balance of P350,000. If it claims an ownership in assets worth P1,000,000, he
much is the liabilities?
C. Luz Un Company has an owner's equity of P700,000 and a financial obligation of P300,000, how much is the firm's total assets? ​