5. The following information appears in the books of Great Corporation. | (see attached image for the given. Please answer it. Thank you so much!) The Board declared a cash dividend of P15 per share on November 15, 2014 to sharcholders of record as of December 15, 2014, payable on January 10, 2015. Direction: a) How many shares are entitled to dividends? ; b) Entries for the above transactions. ¢) How much is free retained carnings?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.