JPG Corporation declared 2 1/4% dividend on stock with a par value of P810.00. Andro owns 110 shares. What is theamount of his dividend?Select one:O a. P18.23b. P2,004.75c. No answerd. P1,002.38e. P1,822.50

The dividend is declared and paid from the retained earnings of the business.

Answered: JPG Corporation declared 2 1/4%…

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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Suppose you own 5% of Coastal Corporation's 300,000 outstanding common shares. The stock was trading for $135 per share before Coastal executives announced a 3-for-2 stock split. After the split, you will own shares worth share. per O 15,000; $135 O22,500; $135 O 15,000 $90 O 30,000: $110 22,500; $90
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B. Z Corporation has 1,000 shares of K20 par value common stock outstanding. The company is considering a 4 for 1 stock split. How will this affect the shareholders' equity accounts?
2
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JPG Corporation declared 2 1/4% dividend on stock with a par value of P810.00. Andro owns 110 shares. What is the amount of his dividend? Select one: a. P18.23 O b. P2,004.75 O c. No answer d. P1,002.38 e. P1,822.50