Question: Question 4 On January 1, 2017, Kingbird Limited had 1,118,000 of ordinary shares outstanding that were issued at par. It also had retained earnings of

Question 4 On January 1, 2017, Kingbird Limited had 1,118,000 of

Question 4 On January 1, 2017, Kingbird Limited had 1,118,000 of ordinary shares outstanding that were issued at par. It also had retained earnings of 747,600. The company issued 40,200 ordinary shares at par on July 1 and earned net income of 397,700 for the year. Journalize the declaration of a 14% share dividend on December 10, 2017, for the following independent assumptions. (Round final answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Par value is 8, and market price is 19. (b) Par value is 5, and market price is 21. Debit Credit No. Account Titles and Explanation (a) (b)

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1. Background knowledge of the subject and

4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.