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What is the net income

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Question - The changes in account balances of ENIGMA Co. during 2020 are as follows:

Assets: P133,500 increase

Liabilities: P40,500 decrease

Ordinary share capital: P90,000 increase

Share premium: P9,000 increase. Assuming there are no changes in retained earnings except for net income and a dividend payment of P19,500.

Required - What is the net income (net loss) for 2020?

Reference no: EM132833574

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