Reference no: EM132745409
On June 30, 2016, when Ermler's Co.'s stock was selling at P65 per share, its equity accounts were as follows:
Share capital - ordinary (par value P50; 60,000 shares issued) P 3,000,000
Share premium - ordinary 600,000
Retained earnings 4,200,000
Problem 1: If a 100% share dividend were declared and distributed, share capital - ordinary would be
a. P 3,000,000 c. P 6,000,000
b. P 3,600,000 d. P 7,800,000
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