On December 31, 2022, TELMA Mining Company declared a cash dividend of P800,000 to shareholders of...
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On December 31, 2022, TELMA Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2023 and payable on February 15, 2023. The entity reported the following information on December 31, 2022: Accumulated Depletion 200,000 1,000,000 Share Capital Share Premium 300,000 Retained Earnings 400,000 What amount should be reported as liquidating dividends? On December 31, 2022, TELMA Mining Company declared a cash dividend of P800,000 to shareholders of record on January 15, 2023 and payable on February 15, 2023. The entity reported the following information on December 31, 2022: Accumulated Depletion 200,000 1,000,000 Share Capital Share Premium 300,000 Retained Earnings 400,000 What amount should be reported as liquidating dividends?
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Liquidating dividends are distributions made by a company to its shareho... View the full answer
Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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