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What is the retained earnings balance on January 1,2019 before restatement? * V Company provided the following information for the year ended December 31,2019: Profit Share capital Dividends declared 2,000,000 5,600,000 1,200,000 Total assets Share premium Prior period adjustment for 500,000 | 2018 overdepreciation 14,950,000 2,400,000 The debt to equity ratio is 30% at December 31,2019. O P1,165,000 O P2,200,000 O P2,165,000 P 3,200,000

What is the retained earnings balance on January 1,2019 before restatement? * V Company provided the following information for the year ended December 31,2019: Profit Share capital Dividends declared 2,000,000 5,600,000 1,200,000 Total assets Share premium Prior period adjustment for 500,000 | 2018 overdepreciation 14,950,000 2,400,000 The debt to equity ratio is 30% at December 31,2019. O P1,165,000 O P2,200,000 O P2,165,000 P 3,200,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the retained earnings balance on January 1,2019 before restatement? * V Company provided the following information for the year ended December 31,2019: Profit Share capital Dividends declared | 2,000,000 5,600,000 1,200,000 Total assets Share premium Prior period adjustment for 500,000 2018 overdepreciation 14,950,000 2,400,000 The debt to equity ratio is 30% at December 31,2019. O P 1,165,000 O P 2,200,000 O P2,165,000 O P3,200,000
Transcribed Image Text:What is the retained earnings balance on January 1,2019 before restatement? * V Company provided the following information for the year ended December 31,2019: Profit Share capital Dividends declared | 2,000,000 5,600,000 1,200,000 Total assets Share premium Prior period adjustment for 500,000 2018 overdepreciation 14,950,000 2,400,000 The debt to equity ratio is 30% at December 31,2019. O P 1,165,000 O P 2,200,000 O P2,165,000 O P3,200,000
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