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Problem 5: SKR Corporation declared an 10% scrip dividend on April 1, 2020, payable after 1 year accruing interest of 12%. The common share capital
Problem 5: SKR Corporation declared an 10% scrip dividend on April 1, 2020, payable after 1 year accruing interest of 12%. The common share capital of the corporation on the date of declaration amounted to P2,000,000. Required: 1. Provide the journal entry on April 1, 2020. 2. Provide the journal entry on December 31, 2020. 3. Provide the journal entry on March 30, 2021
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