The capital accounts of BHUTAN COMPANY on June 30, 2012, are as follows Ordinary shares, P10 par, 50,000 shares issued and outstanding P 500,000 Share premium 250,000 Retained earnings 3,135,000 The company’s ordinary shares are selling at this time at P20. What entries would you make in each of the following cases? a. A 10% stock dividend is declared and issued. b. A 30% stock dividend is declared and issued. c. A 4-for-1 stock split is declared and issued

The capital accounts of BHUTAN COMPANY on June 30, 2012, are as follows Ordinary shares, P10 par, 50,000 shares issued and outstanding P 500,000 Share premium 250,000 Retained earnings 3,135,000 The company’s ordinary shares are selling at this time at P20. What entries would you make in each of the following cases? a. A 10% stock dividend is declared and issued. b. A 30% stock dividend is declared and issued. c. A 4-for-1 stock split is declared and issued

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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