Problem 4 On December 31, 2019, Berto Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2020 and payable on February 15, 2020. The entity reported the following information on December 31, 2019: Accumulated depletion Share capital Share premium Retained earnings 200,000 1,000,000 300,000 600,000 What amount should be recognized as liquidating dividend? í

Problem 4 On December 31, 2019, Berto Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2020 and payable on February 15, 2020. The entity reported the following information on December 31, 2019: Accumulated depletion Share capital Share premium Retained earnings 200,000 1,000,000 300,000 600,000 What amount should be recognized as liquidating dividend? í

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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WHAT IS THE TOTAL SHAREHOLDERS' EQUITY?