12. The following data are extracted from the shareholders' equity section of th. statement of financial position of Dela Cruz Corporation: 12/31/2018 12/31/2019 Ordinary Shares, P2 par value P1,000,000 500,000 1,000,000 P1,020,000 580,000 1,046,000 Share Premium Retained Earnings During 2019, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2019. Profit for 2019 was P 46,000. b. P196,000. C. P216,000. d. P296,000. a.
12. The following data are extracted from the shareholders' equity section of th. statement of financial position of Dela Cruz Corporation: 12/31/2018 12/31/2019 Ordinary Shares, P2 par value P1,000,000 500,000 1,000,000 P1,020,000 580,000 1,046,000 Share Premium Retained Earnings During 2019, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2019. Profit for 2019 was P 46,000. b. P196,000. C. P216,000. d. P296,000. a.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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![12. The following data are extracted from the shareholders' equity section of the
statement of financial position of Dela Cruz Corporation:
12/31/2018
12/31/2019
Ordinary Shares, P2 par value
P1,000,000
500,000
1,000,000
P1,020,000
580,000
1,046,000
Share Premium
Retained Earnings
During 2019, the corporation declared and paid cash dividends of P150,000 and also
declared and issued a share dividend. There were no other changes in shares issued
and outstanding during 2019. Profit for 2019 was
a. P 46,000.
b. P196,000.
C. P216,000.
d. P296,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F163f9e28-03da-41bc-b753-886b8b38ae91%2Fd847312b-15a5-474d-a962-075c21c58cec%2F5g65ge_processed.jpeg&w=3840&q=75)
Transcribed Image Text:12. The following data are extracted from the shareholders' equity section of the
statement of financial position of Dela Cruz Corporation:
12/31/2018
12/31/2019
Ordinary Shares, P2 par value
P1,000,000
500,000
1,000,000
P1,020,000
580,000
1,046,000
Share Premium
Retained Earnings
During 2019, the corporation declared and paid cash dividends of P150,000 and also
declared and issued a share dividend. There were no other changes in shares issued
and outstanding during 2019. Profit for 2019 was
a. P 46,000.
b. P196,000.
C. P216,000.
d. P296,000.
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