6. An entity provided the fo:louingdata for the year ended December 31. 2019: Retained earnings unappropriated. Januar> Overdepreciation of20i 8 due to prior period error. net oftax 400.000 Net income Retained earning; appropriated for treasury (original balance is 3,000,000 but reduced S) P200,000 by reason of reissuance of the treasury Shares) Retained earnings eppropria:ed for contingencies (begirråpg balance P70C,OOO. 300,000 but increased by current appropriation ofP 100,000) 800,000 Cash dividends paid to shareholders 1000.000 Change in accounting policy from FIFO to a average — credit, net Oftax What is the balance of unappropriated retained earnings on December 31, 2019? 4,500.000 300.000 b. 4,800,000
6. An entity provided the fo:louingdata for the year ended December 31. 2019:
Overdepreciation of20i 8 due to prior period error. net oftax 400.000
Net income
Retained earning; appropriated for treasury (original balance is 3,000,000
but reduced S) P200,000 by reason of reissuance of the treasury Shares)
Retained earnings eppropria:ed for contingencies (begirråpg balance P70C,OOO. 300,000
but increased by current appropriation ofP 100,000) 800,000
Cash dividends paid to shareholders 1000.000
Change in accounting policy from FIFO to a average — credit, net Oftax
What is the balance of unappropriated retained earnings on December 31, 2019? 4,500.000 300.000
b. 4,800,000
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