Valiant Ltd has 56,000 10 par value ordinary shares outstanding It declares a 10 share dividend on December 1 when the market price per share is 16 The dividend shares are issued on December 31 Prepare the entries for the declaration and payment of the share dividend ...

Dec 1 Share Dividends 5600 X 16 89600 Ordinary ...

Valiant Ltd. has 56,000 10 par value ordinary shares outstanding. It declares a 10% share dividend on

Question:

Valiant Ltd. has 56,000 £10 ordinary shares outstanding. It declares a 10% share on December 1 when the market price per share is £16. The shares are issued on December 31. Prepare the entries for the declaration and payment of the share 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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...