MAS

Southeastern Oklahoma State University

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MAS(PROBLEMS)- Test Banks Questions AND ANSWERS
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July 2022

2021/2022
MAS(PROBLEMS)- Test Banks Questions 1. Based on the following, compute total owners' equity. Cash P 8,000 Total noncurrent liabilities P 0 Total assets P64,000 Retained earnings P16,000 Total contributed capital P12,000 Current liabilities P36,000 2. Based on the following, compute total noncurrent assets. Total current assets P600,000 Total current liabilities P240,000 Retained earnings P162,000 Total noncurrent liabilities P710,000 Total contributed capital P360,000 3. Based...
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