re the information of Talc Inc. for the year 2020 · Net assets, Jan.1, 2020- P1,000,000 · Net assets, Dec. 31. 2020- P2,000,000 · Share capital issued in 2020- P300,000 · Dividends declared in 2020- P100,000
re the information of Talc Inc. for the year 2020 · Net assets, Jan.1, 2020- P1,000,000 · Net assets, Dec. 31. 2020- P2,000,000 · Share capital issued in 2020- P300,000 · Dividends declared in 2020- P100,000
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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These are the information of Talc Inc. for the year 2020
· Net assets, Jan.1, 2020- P1,000,000
· Net assets, Dec. 31. 2020- P2,000,000
· Share capital issued in 2020- P300,000
· Dividends declared in 2020- P100,000
How much is the profit or loss for 2020?
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