The cash account balance of FDNACCT came from the following: From clients for service rendered, P368,000, From clients for services to be rendered, P22,000 From a bank loan, P108,000, and From additional investment of the owner, P189,000. How much is the income of the business?

The cash account balance of FDNACCT came from the following: From clients for service rendered, P368,000, From clients for services to be rendered, P22,000 From a bank loan, P108,000, and From additional investment of the owner, P189,000. How much is the income of the business?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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Please answer correctly. Thank you.

2 P
The cash account balance of FDNACCT came from the following:
From clients for service rendered, P368,000,
From clients for services to be rendered, P22,000
From a bank loan, P108,000, and
From additional investment of the owner, P189,000.
How much is the income of the business?
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