(раг Unrealized loss on investments in available-for-sale securities 15,000 8,000 10,000 The corporation should make the following entry on the declaration date Retained earnings, deficit Contributed capital in excess of par (a) Retained earnings P8,000 Dividends payable, liquidating (b) Contributed capital in excess of par Dividends payable, liquidating P8,000 P8,000 Р8,000 (c) Common stock Р8,000 Dividends payable, liquidating Р8,000 (d) Common stock Contributed capital in excess of par P4,000 4,000 Dividends payable, liquidating P8,000

(раг Unrealized loss on investments in available-for-sale securities 15,000 8,000 10,000 The corporation should make the following entry on the declaration date Retained earnings, deficit Contributed capital in excess of par (a) Retained earnings P8,000 Dividends payable, liquidating (b) Contributed capital in excess of par Dividends payable, liquidating P8,000 P8,000 Р8,000 (c) Common stock Р8,000 Dividends payable, liquidating Р8,000 (d) Common stock Contributed capital in excess of par P4,000 4,000 Dividends payable, liquidating P8,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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