Question: Problem No. 3 An entity declared property dividend to ordinary shareholders. The property had a carrying amount of P910,000. Fair value on relevant dates: Date
Problem No. 3 An entity declared property dividend to ordinary shareholders. The property had a carrying amount of P910,000. Fair value on relevant dates: Date of declaration Date of record Date of distribution P950,000 930,000 920,000 Requirements: 1. Journal entry on the date of declaration 2. Journal entry on the date of record. 3. Journal entry on the date of distribution Notes
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