The following data are extracted from the shareholders' equity section of 5 points the statement of financial position of Del Corporation: Ordinary shares, P2 par value - Balance as of December 31, 2010; P1,000,000. Ordinary shares, P2 par value - Balance as of December 31, 2011; P1,020,000. Share premium - Balance as of December 31, 2010: P500.000. Share premium Balance as of December 31, 2011; P580,000. Retained earnings - Balance as of December 31, 2010; P1,000,000. Retained earnings - Balance as of December 31, 2011; P1,046,000. During 2011, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2011. What is the net income for 2011.
The following data are extracted from the shareholders' equity section of 5 points the statement of financial position of Del Corporation: Ordinary shares, P2 par value - Balance as of December 31, 2010; P1,000,000. Ordinary shares, P2 par value - Balance as of December 31, 2011; P1,020,000. Share premium - Balance as of December 31, 2010: P500.000. Share premium Balance as of December 31, 2011; P580,000. Retained earnings - Balance as of December 31, 2010; P1,000,000. Retained earnings - Balance as of December 31, 2011; P1,046,000. During 2011, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2011. What is the net income for 2011.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...
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The following data are extracted from the shareholders' equity section of 5 points
the statement of financial position of Del Corporation: Ordinary shares, P2
par value - Balance as of December 31, 2010; P1,000,000. Ordinary
shares, P2 par value - Balance as of December 31, 2011; P1,020,000. Share
premium - Balance as of December 31, 2010: P500.000. Share premium
Balance as of December 31, 2011; P580,000. Retained earnings - Balance
as of December 31, 2010; P1,000,000. Retained earnings - Balance as of
December 31, 2011; P1,046,000. During 2011, the corporation declared and
paid cash dividends of P150,000 and also declared and issued a share
dividend. There were no other changes in shares issued and outstanding
during 2011. What is the net income for 2011.
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