The shareholders' equity of Naruto Corporation as of March 1, 2020 is presented below: Ordinary Share Capital, 50,000shares, P 100 par- P5,000,000 Ordinary Share Premium- P2,500,000 Retained Earnings- P4,000,000 On March 5, 2020, the corporation reacquired and retired the 10,000 shares at P 140 per share. On April 15, 2020, the corporation declared a deferred cash dividend of P 5 per share. Promissory Notes dated June 1 were issued and will mature within six months plus an annual interest
The shareholders' equity of Naruto Corporation as of March 1, 2020 is presented below: Ordinary Share Capital, 50,000shares, P 100 par- P5,000,000 Ordinary Share Premium- P2,500,000 Retained Earnings- P4,000,000 On March 5, 2020, the corporation reacquired and retired the 10,000 shares at P 140 per share. On April 15, 2020, the corporation declared a deferred cash dividend of P 5 per share. Promissory Notes dated June 1 were issued and will mature within six months plus an annual interest
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 23E
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The shareholders' equity of Naruto Corporation as of March 1, 2020 is presented below: Ordinary Share Capital, 50,000shares, P 100 par- P5,000,000 Ordinary Share Premium- P2,500,000
On March 5, 2020, the corporation reacquired and retired the 10,000 shares at P 140 per share. On April 15, 2020, the corporation declared a deferred cash dividend of P 5 per share. Promissory Notes dated June 1 were issued and will mature within six months plus an annual interest of 12%. How much is the total scrip dividends payable?
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