Question: Green Company declared a 15% share dividend when it had 140,000 ordinary shares ($6 par value) outstanding The market price per share was $8 on

Green Company declared a 15% share dividend when it had 140,000 ordinary shares ($6 par value) outstanding The market price per share was $8 on the declaration date. The entry to record the dividend declaration included a credit to Select one: Share Premium-Ordinary for $147,000. Share Dividends of $168,000. Ordinary Share Dividends Distributable $126,000. Share Capital-Ordinary for $168,000. Green Company declared a 15% share dividend when it had 140,000 ordinary shares ($6 par value) outstanding The market price per share was $8 on the declaration date. The entry to record the dividend declaration included a credit to Select one: Share Premium-Ordinary for $147,000. Share Dividends of $168,000. Ordinary Share Dividends Distributable $126,000. Share Capital-Ordinary for $168,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
