On November 1,2019, ABC Company's board of directors declared property dividends distributable on February 28,2020 in...
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On November 1,2019, ABC Company's board of directors declared property dividends distributable on February 28,2020 in the form of pieces of machines with carrying value of P 575,000 and with a fair value of P 600,000. On December 31,2019, the fair value of the machines dropped to P 580,000 and on February 28,2020 increased to P 610,000. The entry on February 28,2020 would include a? On November 1,2019, ABC Company's board of directors declared property dividends distributable on February 28,2020 in the form of pieces of machines with carrying value of P 575,000 and with a fair value of P 600,000. On December 31,2019, the fair value of the machines dropped to P 580,000 and on February 28,2020 increased to P 610,000. The entry on February 28,2020 would include a?
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The entry on February 28 2020 for the property dividends would include the following 1 Debit Propert... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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