6. On December 31, 2021, the property dividends are yet to be distributed to owners. The entries on December 31, 2021 include all of the following except Group of answer choices A debit to retained earnings for P1,200,000 A credit to gain on impairment recovery for P1,200,000 A credit to property dividends payable for P1,200,000 None of these
6. On December 31, 2021, the property dividends are yet to be distributed to owners. The entries on December 31, 2021 include all of the following except Group of answer choices A debit to retained earnings for P1,200,000 A credit to gain on impairment recovery for P1,200,000 A credit to property dividends payable for P1,200,000 None of these
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 15DQ
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6.
- On December 31, 2021, the property dividends are yet to be distributed to owners. The entries on December 31, 2021 include all of the following except
Group of answer choices
A debit to retained earnings for P1,200,000
A credit to gain on impairment recovery for P1,200,000
A credit to property dividends payable for P1,200,000
None of these
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