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What the baka net income for the current year

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Question - Baka's Retained Earnings balance increased by P100,000 during the year. Baka also paid P30,000 in cash dividends that had been declared last year and declared dividends of P40,000 for the current year (but has not paid them at year-end). What the Baka's net income for the current year?

Reference no: EM132952730

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