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On March 1, 2021, Ramon Inc. declared a 5% stock dividend on 100,000 issued and outstanding shares of P20 par value, which had a fair
On March 1, 2021, Ramon Inc. declared a 5% stock dividend on 100,000 issued and outstanding shares of P20 par value, which had a fair value of P50 per share before the stock dividend was declared. This stock dividend was distributed a mere 60 days after the declaration date. As a result of the dividend declaration, what is the increase in current liabilities of Ramon Inc
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