A Statement of Realization and Liquidation has been prepared for Promise Fulfilled Company. The totals are given below:

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answerhappygod
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A Statement of Realization and Liquidation has been prepared for Promise Fulfilled Company. The totals are given below:

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A Statement of Realization and Liquidation has been prepared for Promise Fulfilled Company. The totals are given below:

Assets to be realized 60,000 Liabilities assumed 50,000

Assets acquired 40,000 Liabilities not liquidated 65,000

Assets not realized 80,000 Supplementary credits 110,000

Liabilities to be liquidated 80,000 Supplementary charges ?


Retained earnings increased by P25,000. The beginning balance of Share Capital and Retained Earnings are P100,000 and (P40,000), respectively.


How much is the ending cash balance?
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