Engels DSO Company has 4 590 000 outstanding ordinary shares of €94 par value. The current market price per share is €122. DSO Company distributes a 4% share dividend and values it at fair value. Required: What is the correct journal entry in order to take these financial statement effects into account? Account naam Debit Credit Ingehouden Winsten (Retained Earnings) €22 399 200 Aandelenkapitaal (Share Capital) €17 258 400 Ingebracht Surplus (Contributed Surplus) €5 140 800 Account naam Debit Credit Aandelenkapitaal (Share Capital) €17 258 400 €5 140 800 Ingebracht Surplus (Contributed Surplus) €22 399 200 Ingehouden Winsten (Retained Earnings) Account naam Debit Credit €22 399 200 Aandelenkapitaal (Share Capital) €22 399 200 Ingehouden Winsten (Retained Earnings) Debit Credit Account naam €17 258 400 Aandelenkapitaal (Share Capital) €17 258 400 Ingehouden Winsten (Retained Earnings)
Engels DSO Company has 4 590 000 outstanding ordinary shares of €94 par value. The current market price per share is €122. DSO Company distributes a 4% share dividend and values it at fair value. Required: What is the correct journal entry in order to take these financial statement effects into account? Account naam Debit Credit Ingehouden Winsten (Retained Earnings) €22 399 200 Aandelenkapitaal (Share Capital) €17 258 400 Ingebracht Surplus (Contributed Surplus) €5 140 800 Account naam Debit Credit Aandelenkapitaal (Share Capital) €17 258 400 €5 140 800 Ingebracht Surplus (Contributed Surplus) €22 399 200 Ingehouden Winsten (Retained Earnings) Account naam Debit Credit €22 399 200 Aandelenkapitaal (Share Capital) €22 399 200 Ingehouden Winsten (Retained Earnings) Debit Credit Account naam €17 258 400 Aandelenkapitaal (Share Capital) €17 258 400 Ingehouden Winsten (Retained Earnings)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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