Question 29

Choices :

A. 4,600,000.

B. 8,000,000.

C. 4,000,000.

D. 8,800,000.

On June 30, 2020, when JDE Co.'s share was selling at P 65 per share, its capital accounts were as follows: Share Capital (par value P 50; 80,000 shares issued) P 4,000,000 Premium on capital share 600,000 Retained earnings 4,200,000 If a 100% share dividend were declared and distributed, Share Capital would be