Iana Company had 10,000 shares issued and outstanding on January 1, 2015. During 2015, Iana took the

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Iana Company had 10,000 shares issued and outstanding on January 1, 2015. During 2015, Iana took the following actions:

March 15 Declared a 2-for-a share split, when the fair value of the share was P80 per share.

December 15 Declared a P5 per share cash dividend.

In the statement of changes in equity for 2011, what amount should be reported as dividends?

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Sep 19, 2023 06:57 AM

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Iana Company had 10,000 shares issued and outstanding on January 1, 2015. During 2015, Iana took the

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Intermediate accounting

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