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What was A Co profit

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Reference no: EM132950137

Question - The following changes in A Co. Account balances occurred during 2020:

Increase Assets 890,000 Liabilities 270,000

Share capital 600,000

Share premium 60,000

Except for a P130,000 dividend payments and the year's earnings, there were no changes in retained earnings for 2020. What was A Co's profit for 2020?

Reference no: EM132950137

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