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Question - Despacito Corp. has completed its current year ?nancial statements which reveal, in part, the following information:
Opening equity balances - share capital P300,000, retained earnings, P220000, asset revaluation surplus, P60,000.
Total comprehensive income - P130000.
Other comprehensive income - P 20,000.
Dividends paid - P35,000
No more share capital was issued during the reporting period.
Required - Determine the closing retained earnings?
Assume that you own 120 shares of common stock of a company, How many shares of common stock will you own after the stock split
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Chev Corporation, a calendar year corporation, has alternative minimum taxable income (before any exemption) of $1.28 million for 2008. The company is not a small corporation. If the regular corporate tax is $209,000, Chev's alternative minimum ta..
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You are considering an investment in an investment asset. The actual rate of return is 12%. Calculate the expected rate of return and risk by formula
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