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Problem 25 Antimony Company showed the following data: Share capital, par value P100, 50,000 shares issued Share premium Retained earnings Market value of share on
Problem 25 Antimony Company showed the following data: Share capital, par value P100, 50,000 shares issued Share premium Retained earnings Market value of share on declaration date Market value of share on distribution date P5,000,000 200,000 2,000,000 P150.00 P170.00 Required: For each of the following, prepare journal entries on the date of declaration and date of payment: 1. A 20% share dividend is declared. 2. A 10% share dividend is declared
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