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What amount of retained earnings should be appropriated

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Problem - The following information pertains to AstraZeneca Corporation: Dividends on its 1,000 shares of 6%, P10 par value cumulative preference shares have not been declared or paid for 3 years. Treasury shares that cost P15,000 were reissued for P8,000. What amount of Retained Earnings should be appropriated as a result of these items?

Reference no: EM132892856

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