San Martin Corporation has 300,000 shares of P10 par value, ordinary shares authorized through its Articles of Incorporation. 250,000 shares were issued of which 225,000 shares are currently outstanding. The year-end market price of the stock was P70. Dividends paid at the end of the year were P2.50 per share. The total dividends paid amount to Do not use Peso sign, comma nor decimal places.
San Martin Corporation has 300,000 shares of P10 par value, ordinary shares authorized through its Articles of Incorporation. 250,000 shares were issued of which 225,000 shares are currently outstanding. The year-end market price of the stock was P70. Dividends paid at the end of the year were P2.50 per share. The total dividends paid amount to Do not use Peso sign, comma nor decimal places.
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 20EA: Longmont Corporation earned net income of $90,000 this year. The company began the year with 600...
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