ABC Company, a real estate developer, i s owned by five founding shareholders.

On December 1, 2025, the entity declared a property dividend of a "one-bedroom flat"

for each shareholder. The property dividend is payable on January 31, 2026.

On December 1, 2025, the carrying amount of a one-bedroom flat i s P1,000,000 and

the fair values i s P1,500,000.

However, the fair value i s P1,800,000 on December 31, 2025 and P1,900,000 on

January 31,2026.

1.) What is the dividend payable on December 1, 2025?

2.) What is the dividend payable on December 31, 2025?

3.). What amount of gain i s i ncluded i n profit or l oss as a result of the settlement of the

property dividend on January 31,2026?