Question
Iana Company had 10,000 shares issued and outstanding on January 1, 2015. During 2015, Iana took the following actions: March 15 Declared a 2-for-a share
Iana Company had 10,000 shares issued and outstanding on January 1, 2015. During 2015, Iana took the following actions:
March 15 Declared a 2-for-a share split, when the fair value of the share was P80 per share.
December 15 Declared a P5 per share cash dividend.
In the statement of changes in equity for 2011, what amount should be reported as dividends?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
