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What is the Accumulated Surplus-Deficit balance at December

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Question - On December 31, 2020, the pre-closing trial balance of Agency GHI shows the following totals: Current Assets P600,000, Property, Plant and Equipment, P800,000, Current Liabilities P200,000, Subsidy Income from NG 50,000 Expenses 40,000. What is the Accumulated Surplus/Deficit balance at December 31, 2020?

Reference no: EM133056258

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