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On March 1, 2022, Good & Beautiful Corporation (GBC) issues a 25% share dividend on its 300,000 shares of P10 par value ordinary shares. The
On March 1, 2022, Good & Beautiful Corporation (GBC) issues a 25% share dividend on its 300,000 shares of P10 par value ordinary shares. The shares were issued on May 1, 2022. The market price was P16 per share on March 1, 2022, and on the date the shares were distributed the stock was selling for P12.50 per share and at the date of record, the price was P13.00? How much is the share dividend?
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The share dividend is equal to 25 of the par ...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
4th Edition
1119607515, 978-1119607519
