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ABC received P200,000 cash in lieu of 2.5% stock dividend on its 500,000-share investment. The original cost and the fair value as of dividend declaration
ABC received P200,000 cash in lieu of 2.5% stock dividend on its 500,000-share investment. The original cost and the fair value as of dividend declaration date of a share is P15 and P18 respectively. What is the journal entry based on the provided statements?
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