On December 31, 2019, Blake Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2020 and payable on February 15, 2020. The entity reported the following information on December 31, 2019: Accumulated depletion = 200,000; Share capital = 1,000,000; Share premium = 300,000; Retained earnings = 600,000. What amount should be recognized as liquidating dividend?

On December 31, 2019, Blake Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2020 and payable on February 15, 2020. The entity reported the following information on December 31, 2019: Accumulated depletion = 200,000; Share capital = 1,000,000; Share premium = 300,000; Retained earnings = 600,000. What amount should be recognized as liquidating dividend?

Name: On December 31, 2019, Blake Mining Company declared a cash dividend of
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Description: On December 31, 2019, Blake Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2020 and payable on February 15, 2020. The entity reported the following information on December 31, 2019: Accumulated depletion

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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