6. On December 31, 2021, the property dividends are yet to be distributed to owners. The entries on December 31, 2021 include all of the following except Group of answer choices A debit to retained earnings for P1,200,000 A credit to gain on impairment recovery for P1,200,000 A credit to property dividends payable for P1,200,000 None of these

6. On December 31, 2021, the property dividends are yet to be distributed to owners. The entries on December 31, 2021 include all of the following except Group of answer choices A debit to retained earnings for P1,200,000 A credit to gain on impairment recovery for P1,200,000 A credit to property dividends payable for P1,200,000 None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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