What is the net charge of the property dividend

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Problem

In 2014, AAA Company bought 10.000 shares of BBB Company at a cost of P500,000. On December 1. 2014, AAA Company declared a property dividend of the Oil stock to shareholders of record on February 1. 2015. payable on February 15, 2015. The BBB stock had the following market value. December 1.2014 550.000 December 31,2014 570,000 February 15,2015 530,000. Get the instant assignment help. What is the net charge of the property dividend against retained earnings during 2014?

Reference no: EM134007314

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