On September 30,2107, Maling Company issued 3,000 shares of its P10 par value ordinary share in connection with share dividend. The market value per share on the date of declaration was P15. Maling's shareholders' equity accounts immediately before issuance of the share dividend were as follows: Ordinary share, P10 par, 50,000 shares auhorized,20,000 shares outstanding P200,000 Share Premium 300,000 Retained Earnings 350,000 What should be the retained earnings balance immediately after the share dividends ?

On September 30,2107, Maling Company issued 3,000 shares of its P10 par value ordinary share in connection with share dividend. The market value per share on the date of declaration was P15. Maling's shareholders' equity accounts immediately before issuance of the share dividend were as follows: Ordinary share, P10 par, 50,000 shares auhorized,20,000 shares outstanding P200,000 Share Premium 300,000 Retained Earnings 350,000 What should be the retained earnings balance immediately after the share dividends ?

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 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...

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