On 2021, Bulldogs Inc. net income doubled from the 2020 figure. The number of outstanding shares is constant at 100,000. The pay-out ratio is constant at 30%. If on 2021 the company paid P15 per shareholder, how much is the total net income in 2020? * O

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On 2021, Bulldogs Inc. net income doubled from the 2020 figure. The number of outstanding
shares is constant at 100,000. The pay-out ratio is constant at 30%. If on 2021 the company
paid P15 per shareholder, how much is the total net income in 2020? * G
Transcribed Image Text:On 2021, Bulldogs Inc. net income doubled from the 2020 figure. The number of outstanding shares is constant at 100,000. The pay-out ratio is constant at 30%. If on 2021 the company paid P15 per shareholder, how much is the total net income in 2020? * G
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