On December 31,2020, the shareholders' equity section of DEF, Inc. was [Ordinary Share Capital, par value P10]:[authorized 30,00Oshares); [issued and outstanding 9,000 shares P 90,000]; [Paid-in Capital in Excess of Par 16,000]; [Retained Earnings P146,000]. On March 1, 2021 DEF declared a 10% share capital dividend and accordingly 900 additional shares were issued. DEF shares were trading at P16 per share at the stock market on March 31,2021. For the three months ended March 31,2021, DEF sustained a net loss of P32,000. The balance of DEF retained earnings as of March 31, 2021 should be: * P99,600 P108,600 P114,000 P105,000

On December 31,2020, the shareholders' equity section of DEF, Inc. was [Ordinary Share Capital, par value P10]:[authorized 30,00Oshares); [issued and outstanding 9,000 shares P 90,000]; [Paid-in Capital in Excess of Par 16,000]; [Retained Earnings P146,000]. On March 1, 2021 DEF declared a 10% share capital dividend and accordingly 900 additional shares were issued. DEF shares were trading at P16 per share at the stock market on March 31,2021. For the three months ended March 31,2021, DEF sustained a net loss of P32,000. The balance of DEF retained earnings as of March 31, 2021 should be: * P99,600 P108,600 P114,000 P105,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 84PSA: Statement of Stockholders' Equity At the end of 2019, Stanley Utilities Inc. had the following...

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