What is the net income for the current year

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Reference no: EM132609223

Question - Aubrey Company provided the following data at year-end:




Share Capital (P100 par value)



Share Premium



Retained Earnings



During the current year, the entity declared and paid cash dividend of P1,000,000 and also declared and issued a share dividend.

There was no other changes in shares issued and outstanding during the year.

Required - What is the net income for the current year?

a. 3,250,000

b. 2,000,000

c. 1,000,000

d. 2,750,000

Reference no: EM132609223


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