Rona Company provided the following balances on December 31, 2022: Wasting asset, at cost Accumulated depletion Capital liquidated Retained earnings Depletion based on 100,000 units extracted at P30 per unit Inventory of resource deposit (20,000 units) What is the maximum dividend that can be declared on December 31, 2022? 40,000,000 15,000,000 5,000,000 10,000,000 3,000,000 2,000,000 A. 19,600,000 B. 19,400,000 C. 25,000,000 D. 20,000,000

Rona Company provided the following balances on December 31, 2022: Wasting asset, at cost Accumulated depletion Capital liquidated Retained earnings Depletion based on 100,000 units extracted at P30 per unit Inventory of resource deposit (20,000 units) What is the maximum dividend that can be declared on December 31, 2022? 40,000,000 15,000,000 5,000,000 10,000,000 3,000,000 2,000,000 A. 19,600,000 B. 19,400,000 C. 25,000,000 D. 20,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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