55. Joyful Company provided the following balances at the end of the current year: Wasting asset,...
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55. Joyful Company provided the following balances at the end of the current year: Wasting asset, at cost Accumulated depletion Share Capital Capital liquidated Retained earnings Depletion based on 50,000 units at P20 per unit Inventory of resources deposits (5,000 units) Compute the maximum dividend that can be declared. 20,000,000 2.500,000 50,000,000 1.700.000 1.300,000 1,000,000 400,000 55. Joyful Company provided the following balances at the end of the current year: Wasting asset, at cost Accumulated depletion Share Capital Capital liquidated Retained earnings Depletion based on 50,000 units at P20 per unit Inventory of resources deposits (5,000 units) Compute the maximum dividend that can be declared. 20,000,000 2.500,000 50,000,000 1.700.000 1.300,000 1,000,000 400,000
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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