Power Company presented the following data for 2021: January 1 Total assets Total liabilities O P400,000 O P600,000 Duri
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Power Company presented the following data for 2021: January 1 Total assets Total liabilities O P400,000 O P600,000 Duri
Company presented the following data for 2021: January 1 Total assets Total liabilities O P400,000 O P600,000 During 2021, Power Company issued additional share capital of P600,000 and paid dividends to shareholders on record of P400,000. The net income for the year 2021 would be OP800,000 P4,200,000 2,000,000 O P200,000 December 31 P6,300,000 3,500,000
Power