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The following information has been taken from the ledger accounts of Yogi Corporation: Total net income since incorporation Total cash dividends paid Carrying value of the company investment is Yogi company declared as property dividend Proceeds from sale of donated shares Total value of stocks dividends distributed Gain on treasury share transactions Unamortized premium on bonds payable Appropriated for contingencies The current balance of unappropriated retained earnings is: P2,030,000 b. P3,200,000 C. P1,330,000 d. P1,930,000 P3,200,000 150,000 600,000 150,500 420,000 375,000 413,200 700,000

The following information has been taken from the ledger accounts of Yogi Corporation: Total net income since incorporation Total cash dividends paid Carrying value of the company investment is Yogi company declared as property dividend Proceeds from sale of donated shares Total value of stocks dividends distributed Gain on treasury share transactions Unamortized premium on bonds payable Appropriated for contingencies The current balance of unappropriated retained earnings is: P2,030,000 b. P3,200,000 C. P1,330,000 d. P1,930,000 P3,200,000 150,000 600,000 150,500 420,000 375,000 413,200 700,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PROBLEM 7-1 The following information has been taken from the ledger accounts of Yogi Corporation: Total net income since incorporation Total cash dividends paid Carrying value of the company investment is Yogi company declared as property dividend Proceeds from sale of donated shares Total value of stocks dividends distributed Gain on treasury share transactions Unamortized premium on bonds payable Appropriated for contingencies The current balance of unappropriated retained earnings is: a. b. C. d. P2,030,000 P3,200,000 P1,330,000 P1,930,000 P3,200,000 150,000 600,000 150,500 420,000 375,000 413,200 700,000
Transcribed Image Text:PROBLEM 7-1 The following information has been taken from the ledger accounts of Yogi Corporation: Total net income since incorporation Total cash dividends paid Carrying value of the company investment is Yogi company declared as property dividend Proceeds from sale of donated shares Total value of stocks dividends distributed Gain on treasury share transactions Unamortized premium on bonds payable Appropriated for contingencies The current balance of unappropriated retained earnings is: a. b. C. d. P2,030,000 P3,200,000 P1,330,000 P1,930,000 P3,200,000 150,000 600,000 150,500 420,000 375,000 413,200 700,000
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