What is the accumulated deficit balance at december

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Reference no: EM132771752

On December 31, 2019, the pre-closing trial balance of Agency GHI shows the following totals:

Current Assets P500,000,

Property, Plant and Equipment, P800,000,

Current Liabilities 200,000,

Subsidy Income from NG 50,000

Expenses 40,000.

Required:

Problem 1: What is the Accumulated Surplus/Deficit balance at December 31, 2019?

Reference no: EM132771752

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