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On January 2,2016, the Board of Directors Kyle Mining Corporation declared a cash dividend of P800,000 to shareholders of record on January 18,2016 and payable on February 10,2016. Selected data from Kyle's December 31,2016 financial position are as follows: Accumulated Depreciation. Ordinary Share P 500,000 9,000,000 300,000 Share Premium Retained Earnings 600,000

On January 2,2016, the Board of Directors Kyle Mining Corporation declared a cash dividend of P800,000 to shareholders of record on January 18,2016 and payable on February 10,2016. Selected data from Kyle's December 31,2016 financial position are as follows: Accumulated Depreciation. Ordinary Share P 500,000 9,000,000 300,000 Share Premium Retained Earnings 600,000

FINANCIAL ACCOUNTING
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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How much is the liquidating dividends?

P200,000
 
 
 
P300,000
 
 
 
P500,000
 
 
 
P600,000
On January 2,2016, the Board of Directors Kyle Mining Corporation declared a cash dividend of P800,000 to shareholders of record on January 18,2016 and payable on February 10,2016. Selected data from Kyle's December 31,2016 financial position are as follows: Accumulated Depreciation. Ordinary Share P 500,000 9,000,000 Share Premium 300,000 Retained Earnings 600,000
Transcribed Image Text:On January 2,2016, the Board of Directors Kyle Mining Corporation declared a cash dividend of P800,000 to shareholders of record on January 18,2016 and payable on February 10,2016. Selected data from Kyle's December 31,2016 financial position are as follows: Accumulated Depreciation. Ordinary Share P 500,000 9,000,000 Share Premium 300,000 Retained Earnings 600,000
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