On September 30,2107, Maling Company issued 3,000 shares of its P10 par value ordinary share in connection with share dividend. The market value per share on the date of declaration was P15. Maling's shareholders' equity accounts immediately before issuance of the share dividend were as follows: Ordinary share, P10 par, 50,000 shares auhorized,20,000 shares outstanding P200,000 Share Premium 300,000 Retained Earnings 350,000 What should be the retained earnings balance immediately after the share dividends ?
On September 30,2107, Maling Company issued 3,000 shares of its P10 par value ordinary share in connection with share dividend. The market value per share on the date of declaration was P15. Maling's shareholders' equity accounts immediately before issuance of the share dividend were as follows: Ordinary share, P10 par, 50,000 shares auhorized,20,000 shares outstanding P200,000 Share Premium 300,000 Retained Earnings 350,000 What should be the retained earnings balance immediately after the share dividends ?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:On September 30,2107, Maling Company issued 3,000 shares of its P10 par value ordinary share in
connection with share dividend. The market value per share on the date of declaration was P15.
Maling's shareholders' equity accounts immediately before issuance of the share dividend were as
follows:
Ordinary share, P10 par, 50,000 shares auhorized,20,000 shares outstanding
P200,000
Share Premium
300,000
350,000
Retained Earnings
What should be the retained earnings balance immediately after the share dividends ?
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