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please help The following information pertains to Imperial Corp. No dividend declaration or payment for 3 years on its 2,000 shares of 6%, P30 par
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The following information pertains to Imperial Corp. No dividend declaration or payment for 3 years on its 2,000 shares of 6%, P30 par value cumulative preference shares Gain on disposal of Imperial's Cebu Division of P90,000. Treasury shares costing P100,000 reissued for P30,000. What amount of retained earnings should be restricted as a result of these itemsStep by Step Solution
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