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Question - Pink Corporation has 40,000 P100 par, ordinary shares issued and outstanding. To please the stockholder's but at the same time conserve cash, its Board of Directors decided to declare a share dividend when the market price of the stock is P120.
Required: Prepare journal entries on the date of declaration and on the date of issuance assuming the share dividend declared is:
a. 15%
b. 30%
For this assignment, you must develop a 4-5-page memo that you will deliver to the board of directors of ICBI. You will describe what a financial reporting.
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Discuss the advantages and disadvantages of each alternative. What do you think Debbie should do
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