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Sunday, 05.01.2025, Calendar Week 01, 5th day of the year, 360 days remaining until EoY.

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4064. The following changes in Chung Company’s account balances occurred during 2019: Assets P9,000,000 increase Liabilities 4,000,000 increase Share capital 2,000,000 increase Share premium 1,000,000 increase Except for a P1,500,000 dividend payment and the year’s earnings, there were no other changes in retained earnings in 2019. What was Chung’s 2019 net income?

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Due Diligence Hub (DDH) is a multilingual information and communication platform for active exchange traders, traders and investors with a focus on trading contracts for difference ("CFDs") and foreign exchange products ("FX", "Forex"). DDH offers the most comprehensive coverage of companies authorised to provide financial services. The offering is rounded off by a wide range of exchange information services, tools and premium services.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of all retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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