Question: Q25 give correct answer in 10 mins i will thumb up thanks QUESTION 25 El Toro Manufacturing Inc declared a 25% share dividend when it

Q25 give correct answer in 10 mins i will thumb up

Q25 give correct answer in 10 mins i will thumb up thanks

QUESTION 25 El Toro Manufacturing Inc declared a 25% share dividend when it had 200,000 ordinary shares (5 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 O Share Dividends of 320,000 O Share Premium-Ordinary for 280,000 O Ordinary Share Dividends Distributable 400,000 O Ordinary Share Dividends Distributable 250,000

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