What amount should be reported as dividends

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Probelm 1: Iana Company had 10,000 shares issued and outstanding on January 1, 2015. During 2015, Iana took the following actions:

March 15                      Declared a 2-for-a share split, when the fair value of the share was P80 per share.

December 15                 Declared a P5 per share cash dividend.

Question 1: In the statement of changes in equity for 2011, what amount should be reported as dividends?

Reference no: EM132466968

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