The following information appears in the books of G Corporation: Share Capital (par P200; authorized 100,000 shares) P6,000,000 Subscribed share capital 2,000,000 Share premium 1,000,000 Retained earnings 2,000,000 Treasury shares (1,000 shares) 550,000 The Board of Directors declared a cash dividend of P10 per share on November 15 to shareholders of record as of December 15, payable on January 10 of the following year. How many shares are entitled to receive dividends? Select the correct response: O 31,000 O 100,000 29,000
The following information appears in the books of G Corporation: Share Capital (par P200; authorized 100,000 shares) P6,000,000 Subscribed share capital 2,000,000 Share premium 1,000,000 Retained earnings 2,000,000 Treasury shares (1,000 shares) 550,000 The Board of Directors declared a cash dividend of P10 per share on November 15 to shareholders of record as of December 15, payable on January 10 of the following year. How many shares are entitled to receive dividends? Select the correct response: O 31,000 O 100,000 29,000
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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