Answer question no. 10 only and provide a solution A corporation declared a 40% share capital dividend on its 60,000 shares of P20 parordinary shares on a day when the market price is P50. How much was debited toRetained Earnings on the date of declaration?8.P 24,000P480,000P 720,000d. P1,200,000a.с.b.9.Using the information in No. 8, the peso dividend per ordinary share isa.P 8C.P40b.P20d.P5010.Using the information in No. 8 and assuming the share capital dividend declared is4/40, the amount of Paid-in Capital from Stock Dividend is?P300,000d. P480,000P120,000P180,000a.с.b.

Dividend is the amount paid to the shareholder’s for their investment in the business. Dividend paid…

Answered: Using the information in No. 8 and…

Using the information in No. 8 and assuming the share capital dividend declared is 4/40, the amount of Paid-in Capital from Stock Dividend is? P300,000 P120,000 P180,000 a. c. b. d. P480,000

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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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Answer question no. 10 only and provide a solution

A corporation declared a 40% share capital dividend on its 60,000 shares of P20 par
ordinary shares on a day when the market price is P50. How much was debited to
Retained Earnings on the date of declaration?
8.
P 24,000
P480,000
P 720,000
d. P1,200,000
a.
с.
b.
9.
Using the information in No. 8, the peso dividend per ordinary share is
a.
P 8
C.
P40
b.
P20
d.
P50
10.
Using the information in No. 8 and assuming the share capital dividend declared is
4/40, the amount of Paid-in Capital from Stock Dividend is?
P300,000
d. P480,000
P120,000
P180,000
a.
с.
b.

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