. The records of Alamo Corporation showed the following data: (see attached image for the given. Please answer it. Thank you so much!) (someone already answer the first 3 subparts which is letter a to c, please anwwer letter d to f. thank you again.) Direction. From the following independent cases, journalize the dividend declaration and the dividend payment: d) The Board declared a property dividend of 2 SMB shares for one Alamo share. SMB shares are selling at P15 but were acquired by Alamo Corporation @ P10. Use PAS 39. SMC shares are considered available for sale securities. e) The Board declared a 22% stock dividend. Stocks are selling at P105 per share. f) The Board declared a 12% stock dividend. Market value of stock is P120.
2. The records of Alamo Corporation showed the following data:
(see attached image for the given. Please answer it. Thank you so much!) (someone already answer the first 3 subparts which is letter a to c, please anwwer letter d to f. thank you again.)
Direction. From the following independent cases, journalize the dividend declaration and the dividend payment:
d) The Board declared a property dividend of 2 SMB shares for one Alamo share. SMB shares are selling at P15 but were acquired by Alamo Corporation @ P10. Use PAS 39. SMC shares are considered available for sale securities.
e) The Board declared a 22% stock dividend. Stocks are selling at P105 per share.
f) The Board declared a 12% stock dividend. Market value of stock is P120.
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