Question: ABC Corp. declared 15% share dividend on its 15,000 issued and outstanding shares of P10 par value ordinary share, which had a fair market value

ABC Corp. declared 15% share dividend on its 15,000 issued and outstanding shares of P10 par value ordinary share, which had a fair market value of P5 per share before the share dividend was distributed 90 days after the declaration date. The companys current liabilities will increase by how much?

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