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What amount is charged against retained earnings

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Question - On May 31, 2021, Wilson Company's board of directors declared a 15% share dividend. The market price of the 30,000 outstanding shares of P20 par value was P100 per share on that date. The share dividend was distributed on July 31, 2021, when the share market price was P90. What amount is charged against retained earnings for the share dividends?

Reference no: EM133113337

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