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solition pls, this is the full question ABC-Corporation is registered with an authorized ciptal Ps. 5,000,000 divided into 500,000 shares of Ps. 10 each. Pre-losing
solition pls, this is the full question
ABC-Corporation is registered with an authorized ciptal Ps. 5,000,000 divided into 500,000 shares of Ps. 10 each. Pre-losing tral belance of ABC-Corporation Ltd provides following financial inlormation at the end of year December 31 st. 2019 . (i) Inventory at December 31 ist, 2019 valued Rs. 30,000 (ii) Accrued interest 15% on bonds payable and 5% on notes payable (ii) 35% corporate tax (iv) Declared 20% dividend on paid up capital. (v) Corporation allocated 15% depreciation on all tangbie food assets Required (a) Prepare an income statement, statement of retain eamings and balance she (b) Calculate all financial ratios (List already provided) Step by Step Solution
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