Global Company, a real estate developer, i owned by five founding shareholdres.

On December 1, 2015, the entity

declared a property dividend of a “one-bedroom flat” for each shareholder. The property dividend is
payable on January 31, 2016.

On december 1, 2105, the carrying amount of a one-bedroom falt is P1,00,000 and the fair value is
P1,500,000.

However, t=he fair value is P1,800,000 on DEcember 31, 2015 and P1,900,000 on January 31, 2016.

What is the dividend payable on Decemeber 1, 2015?

a. 5,000,000 c. 9,000,000
b. 7,500,000 d. 0
____ 6. Global Company, a real estate developer, i owned by five founding shareholdres. On December 1, 2015,
the entity declared a property dividend of a “one-bedroom flat” for each shareholder. The property
dividend is payable on January 31, 2016.

On december 1, 2105, the carrying amount of a one-bedroom falt is P1,00,000 and the fair value is
P1,500,000.

However, the fair value is P1,800,000 on DEcember 31, 2015 and P1,900,000 on January 31, 2016.

What is the dividend payable on December 31, 2015?

a. 5,000,000 c. 9,000,000
b. 7,500,000 d. 0
____ 7. Global Company, a real estate developer, i owned by five founding shareholdres. On December 1, 2015,
the entity declared a property dividend of a “one-bedroom flat” for each shareholder. The property
dividend is payable on January 31, 2016.

On december 1, 2105, the carrying amount of a one-bedroom falt is P1,00,000 and the fair value is
P1,500,000.

However, the fair value is P1,800,000 on DEcember 31, 2015 and P1,900,000 on January 31, 2016.

What amount of gain is inclued in profitt or los as a result of the setttlement of the property dividend on
January 1, 2016?
a. 2,500,000 c. 2,000,000
b. 4,000,000 d. 4,500,000