Ara, Mina, Rosa, Linda and Babes own 20% each out of 1000 shares issued and outstanding of ABS GMA Corporation. On December 1, 2018, the corporation declared 10% common stock dividend given the stockholders the option to choose property or stock dividend. Rosa and Linda opted property dividend while the rest chose stock dividend. How much is the dividend income of Rosa if the market value of the stock is P30?

Answer rating: 100% (QA)

To calculate Rosas dividend income from the property dividend we f... View the full answer