Nica L.

Montevirgen
BSA-1B

ASSIGNMENT 1: What are the gains and losses that do

not go into retained earnings and go into the income
account other comprehensive income?

Answer:
Those are gains and losses from investment, pension plan and
hedging transaction.

ASSIGNMENT 2: Meron bang minimum Par value? If

meron how much?

Answer:
It has no minimum Par value.

ASSIGMENT 3: Do we record stock dividends in the

Philippines?

Answer:
Yes, because incorporator is the only one who will decide in the
Par Value.

ASSIGNMENT 4: What are the entries in stock

dividends?

Answer:
Debit: Retained Earnings
Credit: Common Stock Dividend Distributable