Question 90 of 90 1 Point Maximus Company provided the following liabilities and equity in a hyper inflationary economy: Liabilities (50% monetary) Share capital Revaluation surplus Retained earnings Before restatement After restatement Php2,000,000 Php2,500,000 5,000,000 8,500,000 1,000,000 ? 1,500,000 ? 9,500,000 1,000,000 Before restatement, current assets amounted to 25% of the total assets, 10% of which is monetary assets. Moreover, net monetary asset as of year-end amounted to Php1,122,500. How much is the restated nonmonetary assets? Select the correct response Php7,415,000 Php5,240,000 Php7,377,500 Php8,877,500 None of the above