At the end of the year, University of the East's balance sheet comprised P15,000,000 of assets and P9,000,000 of liabilities (including deferred revenues of P300,000). What is the balance of UE's net assets?
A) P5,700,000
B) P6,000,000
C) P6,300,000
D) 15,000,000
A) P5,700,000
B) P6,000,000
C) P6,300,000
D) 15,000,000