ABC Corporation declared 15% bonus issue to its ordinary shareholders on December 31,2021. As of this date, the corporation have a balance in their ordinary share capital account of P 5,000,000 with par value of P 50. There are 5,000 ordinary shares were reacquired as of December 31,2021. .Assuming the current market value of the share at the date of declaration is P 52, How much is charged to Retained Earnings? 741,0000 712,500 780,000 750,000
ABC Corporation declared 15% bonus issue to its ordinary shareholders on December 31,2021. As of this date, the corporation have a balance in their ordinary share capital account of P 5,000,000 with par value of P 50. There are 5,000 ordinary shares were reacquired as of December 31,2021. .Assuming the current market value of the share at the date of declaration is P 52, How much is charged to Retained Earnings? 741,0000 712,500 780,000 750,000
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 25E
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ABC Corporation declared 15% bonus issue to its ordinary shareholders on December 31,2021. As of this date, the corporation have a balance in their ordinary share capital account of P 5,000,000 with par value of P 50. There are 5,000 ordinary shares were reacquired as of December 31,2021. .Assuming the current market value of the share at the date of declaration is P 52, How much is charged to Retained Earnings ?
741,0000
712,500
780,000
750,000
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