MJS Inc., had 700,000 authorized shares of Ordinary share capital, P 100 par, and 300,000 shares outstanding at Dec. 31, 2014. The following events occurred during 2019: Jan. 1 Declared 10% share capital dividend Mar. 1 Issued the share capital dividend June 30 Purchased 100,000 shares of Treasury shares Aug 1 Reissued 30,000 Treasury shares Nov 1 Declared a 2 for 1 share split

MJS Inc., had 700,000 authorized shares of Ordinary share capital, P 100 par, and 300,000 shares outstanding at Dec. 31, 2014. The following events occurred during 2019: Jan. 1 Declared 10% share capital dividend Mar. 1 Issued the share capital dividend June 30 Purchased 100,000 shares of Treasury shares Aug 1 Reissued 30,000 Treasury shares Nov 1 Declared a 2 for 1 share split

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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