21 During the year, Gilbert company issued 4,000 shares with P100 par value in connection with a share dividend. The market value per share on the date of declaration was P150. The shareholders’ equity before issuance of the share dividend was as follows: Share capital, P100 par, 20,000 shares outstanding 2,000,000 Share premium 3,000,000 Retained earnings 1,500,0009 What is the retained earnings balance immediately after the share dividend? 1,100,000 pls provide correct
21 During the year, Gilbert company issued 4,000 shares with P100 par value in connection with a share dividend. The market value per share on the date of declaration was P150. The shareholders’ equity before issuance of the share dividend was as follows: Share capital, P100 par, 20,000 shares outstanding 2,000,000 Share premium 3,000,000 Retained earnings 1,500,0009 What is the retained earnings balance immediately after the share dividend? 1,100,000 pls provide correct
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 3RE
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#21
During the year, Gilbert company issued 4,000 shares with P100 par value in connection with a
share dividend. The market value per share on the date of declaration was P150. The
shareholders’ equity before issuance of the share dividend was as follows:
Share capital, P100 par, 20,000 shares outstanding 2,000,000
Share premium 3,000,000
What is the retained earnings balance immediately after the share dividend? 1,100,000 pls provide correct solution for the given answer
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