On December 31, 25x1, net profit of 200,000 baht a general meeting of shareholders approved the appropriation of retained earnings as follows:
(1) the appropriation of retained earnings as legal reserve 10,000 baht
(2) the appropriation of retained earnings as a reserve for expansion. plant 40,000 baht
(3) Allocation of retained earnings to a reserve fund to repay the mortgage loan of 100,000 baht
(4.) to retained earnings allocated for debt cancellation is expected to occur.
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