Reference no: EM132803957
Problem 1: On Jan. 10, 2019, ABC Corporation declared a cash dividend P5,000,000 to shareholders of record on January 30, 2019. It was payable on February 14, 2019. The following data pertained to 2018: Profit for year ended December 31, 2018 is P1,900,000.; Share Premium at December 31, 2018 is P6,750,000; Retained Earnings on January 1, 2019 is P4,250,000. The P5,000,000 dividend included a liquidating dividend of
a. P4,850,000
b. P750,000
c. P3,100,000
d. Zero
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