Problem 23-17 (IAA) retained earnings on December 31, 2020? During the current year, the following chronological • Declared and issued a 30% share dividend. Share capital, P5 par, 200,000 shares outatanding • Reacquired 10,000 shares at P30 per share to be held as Slvis Company reported the following shareholders equity transactions affected shareholders equity: n January 1, 2020: Share premium Retained earnings 1,000,000 6,000,000 2.800,000 treasury. Declared and issued a 30% share dividend. *Declared and paid cash dividend of P10 per share. * Net income for 2020 amounted to P3,000,000. What amount should be reported as unappropriated retained earnings on December 31, 2020? a. 2,745,000 b. 3,045,000 c. 2,700,000 d. 2,600,000
Problem 23-17 (IAA) retained earnings on December 31, 2020? During the current year, the following chronological • Declared and issued a 30% share dividend. Share capital, P5 par, 200,000 shares outatanding • Reacquired 10,000 shares at P30 per share to be held as Slvis Company reported the following shareholders equity transactions affected shareholders equity: n January 1, 2020: Share premium Retained earnings 1,000,000 6,000,000 2.800,000 treasury. Declared and issued a 30% share dividend. *Declared and paid cash dividend of P10 per share. * Net income for 2020 amounted to P3,000,000. What amount should be reported as unappropriated retained earnings on December 31, 2020? a. 2,745,000 b. 3,045,000 c. 2,700,000 d. 2,600,000
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 69E:
Stock Dividends
Crystal Corporation has the following information regarding its common stock: S10...
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