At the beginning of the current year, BFAR Company had Accumulated Profits of P4,000,000. During the year, the entity reported a net income of P2,000,000. . The entity declared a cash dividend of P1,200,000. Declared and issued small share dividends of 60,000 shares with a par value of P10 par when the fair market value was P20 Compute the balance of Accumulated Profits for dividends at the end of the current year. ● .
At the beginning of the current year, BFAR Company had Accumulated Profits of P4,000,000. During the year, the entity reported a net income of P2,000,000. . The entity declared a cash dividend of P1,200,000. Declared and issued small share dividends of 60,000 shares with a par value of P10 par when the fair market value was P20 Compute the balance of Accumulated Profits for dividends at the end of the current year. ● .
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 5P
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