On March 1, Houseboat Ltd had 400,000 common shares issued and the balance in its Common Share account was $600,000 The company declared a 5 stock dividend to shareholders of record on March 14, to be distributed on March 31 The fair value per share was $5 on March 1, $4 85 on March 14, and $5 35 o...

a Mar 1 Stock Dividends 400000 5 5 100000 Stock Dividends Distributable 100000 ...

On March 1, Houseboat Ltd. had 400,000 common shares issued and the balance in its Common Share

Question:

On March 1, Houseboat Ltd. had 400,000 common shares issued and the balance in its Common Share account was $600,000. The company declared a 5% stock to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $5 on March 1, $4.85 on March 14, and $5.35 on March 31.
(a) Prepare the entries on the appropriate dates to record the stock Assume that Wei Tse owned 2,000 shares prior to the stock Determine Wei's percentage ownership of the company before and aft er the stock Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...