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ABC Corporation was organized on January 1, 2019 with issuance of P100 par value 300,000...

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Accounting

ABC Corporation was organized on January 1, 2019 with issuance of P100 par value 300,000 ordinary shares at total consideration P33,590,000. During 2019 and 2020, the entity reported net income of P5,527,000 and P2,523,000, respectively. At December 31, 2019 and 2020, the retained earnings showed balances of P4,527,000 and P5,300,000. What is the change in the dividend per share?

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