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pls see the attached photo and answer the required question. 5. The following information appears in the books of Great Corporation Share Capital, par P100

pls see the attached photo and answer the required question.

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5. The following information appears in the books of Great Corporation Share Capital, par P100 P6,000,000 Subscribed Share Capital 2,000,000 Share Premium 1,000,000 Retained Earnings 2,000,000 Treasury Shares (1,000 shares) 550.000 The Board declared a cash dividend of P15 per share on November 15, 2014 0 shareholders of record as of December 15, 2014, payable on January 10, 2015 Direction: a) How many shares are entitled to dividends? b) Entries for the above transactions. c) How much is free retained earnings

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