FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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BFAR Corporation has the following information in its shareholders' equity:
Ordinary Share Capital of P1,600,000 - P200 par value
Share Premium, P400,000
Accumulated Profits of P900,000.
●
A share dividend of 6% was declared when the share is selling at P500 per share. Compute the balance of Accumulated Profits after
dividend declaration.
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Transcribed Image Text:BFAR Corporation has the following information in its shareholders' equity: Ordinary Share Capital of P1,600,000 - P200 par value Share Premium, P400,000 Accumulated Profits of P900,000. ● A share dividend of 6% was declared when the share is selling at P500 per share. Compute the balance of Accumulated Profits after dividend declaration.
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