Reference no: EM132803934
Problem 1: On October 1, 2019, ABC Corporation shareholders' equity showed: Ordinary Shares, P100 par value, 50,000 shares authorized; P3,000,000; Share Premium, P120,000; and Retained Earnings P1,200,000 Which of the following has least decrease effect on the retained earnings?
a. A 2-for-1 share split, 20% share dividend, P1 cash dividend per share.
b. 20% share dividend, a 2-for-1 share split, P1 cash dividend per share.
c. P1 cash dividend per share, 20% share dividend, a 2-for-1 share split.
d. 20% share dividend, P1 cash dividend per share, a 2-for-1 share split.
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