fabm2 accounting
accounts payable 250 000
notes payable 350 000
owners equity 398 580
assets 4 285 580
what is the total liability?
accounts payable 250 000
notes payable 350 000
owners equity 398 580
assets 4 285 580
what is the total liability?
Answers & Comments
Step-by-step explanation:
The total liability can be found by adding the balances of accounts payable and notes payable:
Total Liability = Accounts Payable + Notes Payable
Total Liability = 250,000 + 350,000
Total Liability = 600,000
Therefore, the total liability of FabM2 Accounting is P600,000.