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What is the amount of dividend payable

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Question - At its meeting on December 1, 2021, the board of directors of ABC Co. declares a cash dividend of P2 per share, payable on February 1, 2022 to shareholders of record on December 25, 2021. The following are the ordinary shares outstanding on different dates:

December 1, 2021 - 40,000 shares

December 25, 2021 - 50,000 shares

December 31, 2021 - 55,000 shares

February 1, 2022 - 60,000 shares

Required - On December 31, 2021, what is the amount of dividend payable that should be recognized in the statement of financial position?

Reference no: EM133180955

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