- Riverdale Inc Is Undergoing Liquidation Since January 1 2022 Its Condensed Statement Of Realization And Liquidation 1 (63.51 KiB) Viewed 18 times
Riverdale, Inc. is undergoing liquidation since January 1, 2022. Its condensed
statement of realization and liquidation as of March 31, 2022, showed: Assets to be realized P1,375,000 Liabilities not liquidated P1,700,000 Assets acquired 250,000 Liabilities to be liquidated 2,250,000 Assets realized 1,200,000 Liabilities assumed 1,625,000 Assets not realized 400,000 Supplementary charges 500,000 Liabilities liquidated 1,875,000 Supplementary credits 655,000 If cash balance at the end is P1,500,000, how much is the cash balance on January 1, 2022? * K (2 Points) Enter your answer