Bulgasal Company provided the following data: 2020 2021 5,000,000 5,850,000 Share capital (P100 par value) Share premium 1,000,000 1,600,000 Retained earnings During the current year, the entity declared and paid cash dividends of P1,000,000 and also declared and issued 3,400,000 4,500,000 share dividend. There were no other changes in shares issued and outstanding during the year. What is the net ncome for the current year?
Bulgasal Company provided the following data: 2020 2021 5,000,000 5,850,000 Share capital (P100 par value) Share premium 1,000,000 1,600,000 Retained earnings During the current year, the entity declared and paid cash dividends of P1,000,000 and also declared and issued 3,400,000 4,500,000 share dividend. There were no other changes in shares issued and outstanding during the year. What is the net ncome for the current year?
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 1MC: Cash dividends on the 10 par value common stock of Garrett Company were as follows: The 4th-quarter...
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