FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data were extracted from the
12/31/2017 |
12/31/2018 |
|
Ordinary share (100 par) |
5,000,000 |
5,100,000 |
Share premium |
2,500,000 |
2,900,000 |
|
5,000,000 |
? |
During 2018, the company declared and paid cash dividends of P750,000 and also declared and issued a stock dividend. There were no other changes in stock issued and outstanding during 2018. The net income for 2018 was P1,500,000. The retained earnings on December 31, 2018 should be
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