Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. as of december 31, 2019, the capital of sweet &

As of December 31, 2019, the capital of Sweet & Spicy Company are equal to...

90.2K

Verified Solution

Question

Accounting

As of December 31, 2019, the capital of Sweet & Spicy Company are equal to two-thirds of the total assets. The creditor's equity is P1,200,000. In 2020, total assets decreased by P400,000 while total capital decreased to P2,000,000.

1. As of December 31, 2019, total capital amounted to?

2. As of December 31, 2020, total creditor's equity amounted to?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A company wants to apply k-NN to find out whether new customers response to its marketing...

Statistics
Q

Find the general solution of the given system. dx dt = 6x + y dy dt = −2x + 4y [x(t), y(t)]= _____________, _______________ (6c1​+8c2​)10​sin(6t)+(6c2​+8c1​)10​cos(6t), c1​cos(6t)+c2​sin(6t) ^above is the...

Advance Math
Q

A successful new user registration requires the following valid data: ⦁   User name: it must start with...

Programming
Q

How can a varicocele affect male fertility? Is it common? Can cholesterol derived hormones pass through...

Medical Sciences
Q

thoroughly define and describe the Self-presentation including social roles, social norms and scripts. Tell me how...

Psychology
Q

a) If an atom has an electron in the n=3 state with m=1, what are the...

Physics
Q

OH How would you classify this molecule O O 02 OH Disaccharide 3 QUESTION 6...

Biology
Q

Let f x x a Simplify f 13 h f 13 h Algebraically simplify your...

Basic Math
Q

Mariott Manufacturing Company provides the following ABC costing information: \table[[Activities,Total Costs,Activity-cost drivers],[Account inquiry,$390,000,13,000 hours],[Account...

Accounting
Q

Background As discussed in Chapter 17, companies invest additional cash flow in various types of...

Accounting
Q

Job Order Cost Accounting for a Service Company project as a percentage of media purchases....

Accounting
Q

plz it within 30-40 mins I'll give you multiple upvote

Accounting