Question: On April 8, 2014, Cordillera Corp. declared and issued a 25% ordinary share capital dividend. Prior to this date, Cordillera had 20,000 shares of P2

On April 8, 2014, Cordillera Corp. declared and issued a 25% ordinary share capital dividend. Prior to this date, Cordillera had 20,000 shares of P2 value ordinary share that were both issued and outstanding The carrying value of each share of stock is P20 at the time of declaration of the dividend. As a result of the share captal dividend, how much will be debited to Retained Earnings? O P40,000 O P75,000 OP10,000 O P100,000

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