1. If total liabilities amount to P 400,000 which is 1/3 of the total assets, what is the amount of residual interest of the business?

Question

Hi guys! I'm needing for your help and hoping you can solve this with solution. Thank you so much!

Mamoun elbaghir abdalla mhamad Eltayeb · Answer

Total assets equal1,, .

Total liabilities equal,

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Residual interest equal total assets minus total liabilities .,

thanking you.

Arti Thakur · Answer

residual interest is 800000