2021, the board of directors of ABC Co. declares a 10% share dividend. The market price of ABC’s 600,000 outstanding ordinary shares with a par value of P50 on the date of declaration was P80 per share. When the share price was P100 per share on September 1, 2021, the dividend was paid. As a result of the dividend declaration, how much is the increase in
2021, the board of directors of ABC Co. declares a 10% share dividend. The market price of ABC’s 600,000 outstanding ordinary shares with a par value of P50 on the date of declaration was P80 per share. When the share price was P100 per share on September 1, 2021, the dividend was paid. As a result of the dividend declaration, how much is the increase in
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On July 1, 2021, the board of directors of ABC Co. declares a 10% share dividend. The market price of ABC’s 600,000 outstanding ordinary shares with a par value of P50 on the date of declaration was P80 per share. When the share price was P100 per share on September 1, 2021, the dividend was paid.
As a result of the dividend declaration, how much is the increase in the current liability section of ABC’s financial statement?
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