MAS
Southeastern Oklahoma State University
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MAS(PROBLEMS)- Test Banks Questions AND ANSWERS
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---158juli 20222021/2022
- 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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