The following information is available for a multi-purpose cooperative: Total Revenues, P43,345,000 Total Expenses, P10,450,000 How much of the net surplus is to be allocated for Reserve fund? (based on the minimum requirement) Options: a. P3,289,500 b. P986,250 c. P2,302,650 d. Not given

The following information is available for a multi-purpose cooperative: Total Revenues, P43,345,000 Total Expenses, P10,450,000 How much of the net surplus is to be allocated for Reserve fund? (based on the minimum requirement) Options: a. P3,289,500 b. P986,250 c. P2,302,650 d. Not given

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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