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On June 30, 2020, when JDE Co's share was selling at P 65 per share, its capital accounts were as follows: Share Capital (par value P 50; 80,000 shares issued) P 4,000,000 Premium on capital share 600,000 Retained earnings 4,200,000 If a 100% share dividend were declared and distributed, Share Capital would be

On June 30, 2020, when JDE Co's share was selling at P 65 per share, its capital accounts were as follows: Share Capital (par value P 50; 80,000 shares issued) P 4,000,000 Premium on capital share 600,000 Retained earnings 4,200,000 If a 100% share dividend were declared and distributed, Share Capital would be

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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On June 30, 2020, when JDE Co.'s share was selling at P 65 per share, its capital accounts were as follows: Share Capital (par value P 50; 80,000 shares issued) P 4,000,000 Premium on capital share 600,000 Retained earnings 4,200,000 If a 100% share dividend were declared and distributed, Share Capital would be
Transcribed Image Text:On June 30, 2020, when JDE Co.'s share was selling at P 65 per share, its capital accounts were as follows: Share Capital (par value P 50; 80,000 shares issued) P 4,000,000 Premium on capital share 600,000 Retained earnings 4,200,000 If a 100% share dividend were declared and distributed, Share Capital would be
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