The shareholders' equity section of the Elmo Company as of December 31, 2021 was as follows:...

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The shareholders' equity section of the Elmo Company as of December 31, 2021 was as follows: Ordinary Share, P10 par, 20,000 shares authorized. 10,000 shares issued and outstanding P100.000 Share Premium 30,000 Retained Earnings 20.000 P220,000 On February 1, 2022, the Board of Directors declared a 10% stock dividend. On this date, the market value of the ordinary share was P15 per share. For the three months ended March 31. 2022. Yellow Bell sustained a net loss of P20,000. How much is the retained carnings balance on March 31, 2022? O 55,000 O 55.000.00 O 55000 O No answer text provided. The shareholders' equity section of the Elmo Company as of December 31, 2021 was as follows: Ordinary Share, P10 par, 20,000 shares authorized. 10,000 shares issued and outstanding P100.000 Share Premium 30,000 Retained Earnings 20.000 P220,000 On February 1, 2022, the Board of Directors declared a 10% stock dividend. On this date, the market value of the ordinary share was P15 per share. For the three months ended March 31. 2022. Yellow Bell sustained a net loss of P20,000. How much is the retained carnings balance on March 31, 2022? O 55,000 O 55.000.00 O 55000 O No answer text provided.

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Particulars Amount opening Balance of Retained Earnings 90000 less Stock Di... View the full answer