3. The following information are available for ABC Corporation: Ordinary shares, P100 par value, 50,000 shares issued Share premium Retained earnings P 5,000,000 200,000 2,000,000 Market value - declaration date 150 Market value - distribution date 170 Prepare the entries on the date of declaration and distribution assuming: а. 25% share dividends are declared b. 10% share dividends are declared
3. The following information are available for ABC Corporation: Ordinary shares, P100 par value, 50,000 shares issued Share premium Retained earnings P 5,000,000 200,000 2,000,000 Market value - declaration date 150 Market value - distribution date 170 Prepare the entries on the date of declaration and distribution assuming: а. 25% share dividends are declared b. 10% share dividends are declared
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financia Accounting & Reporting: Dividend Distribution
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